Glacier Bancorp, Inc. (GBCI) Stake Maintained by TRUE Private Wealth Advisors
TRUE Private Wealth Advisors held its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the first quarter, according to its most recent filing with the SEC. The firm owned 14,361 shares of the bank’s stock at the end of the first quarter. TRUE Private Wealth Advisors’ holdings in Glacier Bancorp were worth $472,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Riverhead Capital Management LLC raised its position in Glacier Bancorp by 34.9% in the third quarter. Riverhead Capital Management LLC now owns 3,800 shares of the bank’s stock valued at $108,000 after buying an additional 984 shares during the period. Elkfork Partners LLC purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $154,000. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $159,000. Shelton Capital Management purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $231,000. Finally, Pacad Investment Ltd. raised its stake in shares of Glacier Bancorp by 191.4% in the fourth quarter. Pacad Investment Ltd. now owns 6,600 shares of the bank’s stock worth $239,000 after buying an additional 4,335 shares during the last quarter. 76.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 1.11% during mid-day trading on Thursday, reaching $33.76. The company had a trading volume of 558,115 shares. The company has a market capitalization of $2.58 billion, a P/E ratio of 21.26 and a beta of 1.36. The firm has a 50-day moving average of $34.27 and a 200-day moving average of $33.69. Glacier Bancorp, Inc. has a 12-month low of $24.55 and a 12-month high of $38.17.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, January 26th. The bank reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. Glacier Bancorp had a net margin of 26.83% and a return on equity of 10.81%. The business earned $108.56 million during the quarter, compared to the consensus estimate of $109.62 million. On average, equities analysts anticipate that Glacier Bancorp, Inc. will post $1.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Shareholders of record on Tuesday, April 11th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, April 7th. Glacier Bancorp’s dividend payout ratio is 50.31%.
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GBCI has been the subject of a number of research analyst reports. Zacks Investment Research raised Glacier Bancorp from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, January 12th. Piper Jaffray Companies decreased their target price on Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating for the company in a research report on Monday.
In other Glacier Bancorp news, Director Michael J. Blodnick sold 100,450 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $36.70, for a total transaction of $3,686,515.00. Following the completion of the transaction, the director now owns 101,224 shares of the company’s stock, valued at $3,714,920.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas J. Mcbride sold 5,508 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $36.67, for a total transaction of $201,978.36. Following the transaction, the director now directly owns 14,946 shares of the company’s stock, valued at approximately $548,069.82. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It 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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