ProShare Advisors LLC lifted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) by 19.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,797 shares of the bank’s stock after buying an additional 35,732 shares during the quarter. ProShare Advisors LLC owned about 0.20% of Glacier Bancorp worth $9,276,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its holdings in Glacier Bancorp by 3.3% during the fourth quarter. Captrust Financial Advisors now owns 8,427 shares of the bank’s stock valued at $416,000 after acquiring an additional 269 shares during the period. US Bancorp DE lifted its holdings in Glacier Bancorp by 2.9% in the 1st quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock worth $559,000 after purchasing an additional 308 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in Glacier Bancorp by 2.0% during the 1st quarter. Benjamin Edwards Inc. now owns 18,680 shares of the bank’s stock valued at $785,000 after buying an additional 367 shares in the last quarter. Mariner LLC raised its position in shares of Glacier Bancorp by 2.9% during the first quarter. Mariner LLC now owns 13,763 shares of the bank’s stock valued at $692,000 after buying an additional 382 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Glacier Bancorp by 2.2% during the first quarter. Synovus Financial Corp now owns 18,137 shares of the bank’s stock valued at $916,000 after buying an additional 390 shares during the last quarter. Institutional investors own 76.91% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on GBCI. DA Davidson lifted their price objective on shares of Glacier Bancorp from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, August 10th. Piper Sandler decreased their target price on Glacier Bancorp from $34.00 to $31.00 in a research report on Monday, July 24th. Raymond James boosted their target price on Glacier Bancorp from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Truist Financial downgraded Glacier Bancorp from a “buy” rating to a “hold” rating and set a $34.00 target price on the stock. in a research report on Monday, July 24th. Finally, Stephens reiterated an “equal weight” rating and issued a $31.00 target price on shares of Glacier Bancorp in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp has a consensus rating of “Hold” and an average target price of $34.20.
Glacier Bancorp Trading Down 0.9 %
Shares of GBCI stock opened at $28.79 on Friday. Glacier Bancorp, Inc. has a 1 year low of $26.77 and a 1 year high of $59.70. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $31.51 and its two-hundred day simple moving average is $34.07. The company has a market cap of $3.19 billion, a PE ratio of 11.56 and a beta of 0.79.
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. Glacier Bancorp had a return on equity of 9.60% and a net margin of 26.60%. The business had revenue of $201.06 million for the quarter, compared to the consensus estimate of $208.43 million. Research analysts predict that Glacier Bancorp, Inc. will post 1.84 earnings per share for the current year.
Glacier Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Tuesday, July 11th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Monday, July 10th. Glacier Bancorp’s dividend payout ratio is currently 53.01%.
Glacier Bancorp Company Profile
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.
- Five stocks we like better than Glacier Bancorp
- Most Volatile Stocks, What Investors Need to Know
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- How to Invest in Energy
- MarketBeat Week in Review – 9/11 – 9/15
- How to Capture the Benefits of Dividend Increases
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.