Glacier Bancorp Inc. (GBCI) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Glacier Bancorp, Inc. is a bank holding company. “
Separately, FIG Partners downgraded shares of Glacier Bancorp from an outperform rating to a market perform rating in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $27.25.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded down 0.66% during mid-day trading on Wednesday, reaching $28.59. 13,814 shares of the company’s stock traded hands. The company has a market cap of $2.18 billion, a P/E ratio of 18.36 and a beta of 1.47. The company’s 50 day moving average is $28.94 and its 200 day moving average is $27.04. Glacier Bancorp has a 12-month low of $21.90 and a 12-month high of $30.12.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.01. Glacier Bancorp had a return on equity of 10.82% and a net margin of 27.17%. On average, analysts predict that Glacier Bancorp will post $1.62 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Tuesday, October 11th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.78%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 51.28%.
Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Glacier Bancorp by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 55,784 shares of the company’s stock worth $1,483,000 after buying an additional 166 shares during the period. Profund Advisors LLC boosted its stake in shares of Glacier Bancorp by 2.1% in the second quarter. Profund Advisors LLC now owns 16,573 shares of the company’s stock worth $441,000 after buying an additional 334 shares during the last quarter. PineBridge Investments L.P. boosted its stake in shares of Glacier Bancorp by 3.9% in the second quarter. PineBridge Investments L.P. now owns 9,660 shares of the company’s stock worth $257,000 after buying an additional 364 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Glacier Bancorp by 1.8% in the second quarter. Capstone Asset Management Co. now owns 21,719 shares of the company’s stock worth $577,000 after buying an additional 390 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Glacier Bancorp by 0.4% in the second quarter. Alliancebernstein L.P. now owns 122,118 shares of the company’s stock worth $3,246,000 after buying an additional 460 shares during the last quarter. 75.60% of the stock is currently owned by institutional investors and hedge funds.
Glacier Bancorp Company Profile
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.
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