According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Separately, FIG Partners lowered Glacier Bancorp from an outperform rating to a market perform rating in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Glacier Bancorp presently has an average rating of Hold and a consensus price target of $27.25.
Glacier Bancorp (NASDAQ:GBCI) opened at 28.57 on Wednesday. Glacier Bancorp has a 52 week low of $21.90 and a 52 week high of $30.12. The stock’s 50 day moving average price is $28.92 and its 200-day moving average price is $27.12. The stock has a market capitalization of $2.18 billion, a P/E ratio of 18.35 and a beta of 1.47.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ 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%. Equities research analysts expect that Glacier Bancorp will post $1.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Tuesday, October 11th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, October 6th. Glacier Bancorp’s dividend payout ratio is currently 51.28%.
Hedge funds have recently made changes to their positions in the stock. Pacad Investment Ltd. bought a new position in shares of Glacier Bancorp during the second quarter worth approximately $100,000. Tower Research Capital LLC TRC bought a new position in shares of Glacier Bancorp during the second quarter worth approximately $102,000. Bank of Montreal Can bought a new position in shares of Glacier Bancorp during the second quarter worth approximately $117,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Glacier Bancorp during the second quarter worth approximately $120,000. Finally, Strs Ohio increased its position in shares of Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the last quarter. 75.60% of the stock is owned by hedge funds and other institutional investors.
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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