Glacier Bancorp, Inc. (GBCI) Given Hold Rating at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) in a research report sent to investors on Friday morning. Keefe, Bruyette & Woods currently has a $36.00 price objective on the bank’s stock.
A number of other brokerages have also weighed in on GBCI. Zacks Investment Research lowered Glacier Bancorp from a hold rating to a sell rating in a report on Wednesday, September 20th. BidaskClub raised Glacier Bancorp from a sell rating to a hold rating in a report on Tuesday, June 13th. Finally, Piper Jaffray Companies reissued a hold rating and issued a $37.00 price objective on shares of Glacier Bancorp in a report on Wednesday, July 12th.
Shares of Glacier Bancorp (NASDAQ GBCI) traded up 1.07% on Friday, reaching $37.76. The company’s stock had a trading volume of 660,025 shares. Glacier Bancorp has a 12-month low of $27.31 and a 12-month high of $38.18. The stock has a market cap of $2.95 billion, a PE ratio of 22.88 and a beta of 1.45. The firm has a 50 day moving average price of $33.62 and a 200-day moving average price of $34.33.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. The business had revenue of $113.91 million for the quarter, compared to analyst estimates of $115.60 million. During the same period in the prior year, the company earned $0.40 earnings per share. Equities research analysts expect that Glacier Bancorp will post $1.78 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 21st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Wednesday, September 20th. Glacier Bancorp’s dividend payout ratio is presently 50.91%.
Institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC boosted its stake in shares of Glacier Bancorp by 4.9% in the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock worth $105,000 after buying an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Glacier Bancorp by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock worth $116,000 after buying an additional 283 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Glacier Bancorp by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock worth $135,000 after buying an additional 947 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Glacier Bancorp by 23.7% in the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock worth $142,000 after buying an additional 744 shares during the last quarter. Finally, Fiduciary Trust Co. purchased a new stake in shares of Glacier Bancorp in the second quarter worth about $183,000. Hedge funds and other institutional investors own 80.86% of the company’s stock.
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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