Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC increased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 547,254 shares of the bank’s stock after buying an additional 925 shares during the period. Rice Hall James & Associates LLC’s holdings in Glacier Bancorp were worth $20,035,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in GBCI. BlackRock Inc. raised its stake in Glacier Bancorp by 50,940.2% in the first quarter. BlackRock Inc. now owns 9,639,971 shares of the bank’s stock valued at $327,084,000 after buying an additional 9,621,084 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Glacier Bancorp by 162.7% in the first quarter. Neuberger Berman Group LLC now owns 1,408,314 shares of the bank’s stock valued at $47,784,000 after buying an additional 872,126 shares in the last quarter. State Street Corp raised its stake in Glacier Bancorp by 25.8% in the first quarter. State Street Corp now owns 3,003,305 shares of the bank’s stock valued at $101,899,000 after buying an additional 615,216 shares in the last quarter. Vanguard Group Inc. raised its stake in Glacier Bancorp by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,055,773 shares of the bank’s stock valued at $239,402,000 after buying an additional 381,855 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in Glacier Bancorp by 12.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,067,985 shares of the bank’s stock valued at $70,177,000 after buying an additional 233,270 shares in the last quarter. Institutional investors own 78.55% of the company’s stock.
Shares of Glacier Bancorp, Inc. (NASDAQ GBCI) opened at 33.56 on Friday. The firm’s 50-day moving average is $35.50 and its 200-day moving average is $34.90. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 20.34 and a beta of 1.44. Glacier Bancorp, Inc. has a 52 week low of $27.31 and a 52 week high of $38.17.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $113.91 million during the quarter, compared to analysts’ expectations of $115.60 million. Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts predict that Glacier Bancorp, Inc. will post $1.78 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Wednesday, July 12th were issued a $0.21 dividend. The ex-dividend date was Monday, July 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.50%. Glacier Bancorp’s dividend payout ratio (DPR) is 50.91%.
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GBCI has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Monday, June 26th. BidaskClub upgraded shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Piper Jaffray Companies set a $38.00 price target on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Saturday, July 29th. Finally, Keefe, Bruyette & Woods set a $36.00 price target on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Monday, June 26th.
In other Glacier Bancorp news, Director James M. English sold 2,500 shares of the stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $36.65, for a total value of $91,625.00. Following the completion of the transaction, the director now owns 20,181 shares in the company, valued at $739,633.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.
About Glacier Bancorp
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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