Glacier Bancorp Inc. (GBCI) Shares Gap Up to $27.79
Glacier Bancorp Inc. (NASDAQ:GBCI) shares gapped up before the market opened on Monday . The stock had previously closed at $27.71, but opened at $27.79. Glacier Bancorp shares last traded at $28.11, with a volume of 64,204 shares.
Several research firms recently weighed in on GBCI. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. FIG Partners lowered shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.60.
The company has a 50 day moving average of $27.22 and a 200 day moving average of $25.86. The company has a market cap of $2.15 billion and a PE ratio of 18.09.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.01. Analysts anticipate that Glacier Bancorp Inc. will post $1.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Stockholders of record on Tuesday, July 12th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.84%. The ex-dividend date was Friday, July 8th.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department purchased a new position in Glacier Bancorp during the fourth quarter valued at about $1,541,000. Jennison Associates LLC increased its position in Glacier Bancorp by 335.0% in the fourth quarter. Jennison Associates LLC now owns 73,784 shares of the company’s stock valued at $1,957,000 after buying an additional 56,824 shares in the last quarter. Principal Financial Group Inc. increased its position in Glacier Bancorp by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 511,116 shares of the company’s stock valued at $13,560,000 after buying an additional 21,367 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Glacier Bancorp by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,283,389 shares of the company’s stock valued at $60,580,000 after buying an additional 104,293 shares in the last quarter.
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.