Glacier Bancorp (NASDAQ:GBCI – Get Rating) announced its quarterly earnings results on Thursday. The bank reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61, MarketWatch Earnings reports. Glacier Bancorp had a return on equity of 11.15% and a net margin of 34.48%. During the same period last year, the business earned $0.85 earnings per share.
GBCI stock traded down $0.33 during trading on Friday, reaching $47.41. The company had a trading volume of 6,786 shares, compared to its average volume of 386,255. The firm has a 50-day simple moving average of $51.38 and a 200-day simple moving average of $54.56. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 16.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.62 and a current ratio of 0.62. Glacier Bancorp has a twelve month low of $45.29 and a twelve month high of $63.05.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 21st. Stockholders of record on Tuesday, April 12th were issued a $0.33 dividend. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Monday, April 11th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 45.36%.
In related news, Director David C. Boyles bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 2nd. The shares were purchased at an average cost of $51.09 per share, with a total value of $51,090.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC acquired a new stake in shares of Glacier Bancorp during the fourth quarter valued at about $213,000. LPL Financial LLC lifted its stake in Glacier Bancorp by 3.7% in the fourth quarter. LPL Financial LLC now owns 24,096 shares of the bank’s stock worth $1,366,000 after acquiring an additional 849 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Glacier Bancorp during the fourth quarter worth approximately $1,566,000. Metropolitan Life Insurance Co NY raised its holdings in Glacier Bancorp by 11.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 45,381 shares of the bank’s stock worth $2,573,000 after purchasing an additional 4,558 shares in the last quarter. Finally, Comerica Bank raised its holdings in Glacier Bancorp by 13.5% during the fourth quarter. Comerica Bank now owns 51,765 shares of the bank’s stock worth $2,852,000 after purchasing an additional 6,143 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.
Glacier Bancorp Company Profile (Get Rating)
Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts.
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