Mercer Global Advisors Inc. ADV Takes $329,000 Position in Glacier Bancorp, Inc. (GBCI)
Mercer Global Advisors Inc. ADV acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,298 shares of the bank’s stock, valued at approximately $329,000.
Other hedge funds have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund purchased a new stake in Glacier Bancorp during the fourth quarter worth $32,000. Norges Bank purchased a new stake in Glacier Bancorp during the fourth quarter worth $21,232,000. Vanguard Group Inc boosted its holdings in Glacier Bancorp by 2.7% during the third quarter. Vanguard Group Inc now owns 8,507,257 shares of the bank’s stock worth $366,578,000 after buying an additional 220,519 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Glacier Bancorp by 2.7% during the third quarter. Vanguard Group Inc. now owns 8,507,257 shares of the bank’s stock worth $366,578,000 after buying an additional 220,519 shares in the last quarter. Finally, American Century Companies Inc. purchased a new stake in Glacier Bancorp during the fourth quarter worth $6,889,000. 80.33% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:GBCI opened at $41.75 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.39. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.71 and a beta of 1.23. Glacier Bancorp, Inc. has a fifty-two week low of $35.77 and a fifty-two week high of $47.67.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Monday, April 8th. Glacier Bancorp’s dividend payout ratio is presently 47.93%.
GBCI has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. ValuEngine raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Friday, January 4th. Stephens initiated coverage on shares of Glacier Bancorp in a report on Monday, January 14th. They set an “equal weight” rating and a $42.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday, December 31st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $43.00.
Glacier Bancorp Profile
Glacier Bancorp, Inc operates as the 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 deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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