Glacier Bancorp Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, September 28th. Shareholders of record on Tuesday, October 11th will be paid a dividend of 0.20 per share on Thursday, October 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.80%.
Glacier Bancorp (NASDAQ:GBCI) opened at 28.59 on Thursday. Glacier Bancorp has a 52 week low of $21.90 and a 52 week high of $30.12. The firm has a market cap of $2.18 billion, a PE ratio of 18.36 and a beta of 1.56. The firm’s 50 day moving average price is $28.88 and its 200-day moving average price is $26.93.
Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, July 21st. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Glacier Bancorp had a return on equity of 10.82% and a net margin of 27.17%. On average, analysts forecast that Glacier Bancorp will post $1.62 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its stake in Glacier Bancorp by 3.1% in the second quarter. BlackRock Fund Advisors now owns 4,977,626 shares of the company’s stock valued at $132,305,000 after buying an additional 151,684 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Glacier Bancorp by 6.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,052,868 shares of the company’s stock valued at $54,565,000 after buying an additional 116,697 shares during the last quarter. APG Asset Management N.V. bought a new stake in Glacier Bancorp during the second quarter valued at $2,828,000. Waddell & Reed Financial Inc. boosted its stake in Glacier Bancorp by 38.3% in the second quarter. Waddell & Reed Financial Inc. now owns 172,680 shares of the company’s stock valued at $4,590,000 after buying an additional 47,820 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Glacier Bancorp by 7.2% in the second quarter. BlackRock Investment Management LLC now owns 375,033 shares of the company’s stock valued at $9,968,000 after buying an additional 25,335 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.
Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. FIG Partners downgraded shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.60.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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