Capital Fund Management S.A. Acquires New Position in Glacier Bancorp Inc. (GBCI)
Capital Fund Management S.A. bought a new stake in Glacier Bancorp Inc. (NASDAQ:GBCI) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 14,400 shares of the company’s stock, valued at approximately $383,000.
Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in Glacier Bancorp during the second quarter worth about $117,000. Strs Ohio raised its stake in Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Gray Financial Group GA ADV ADV bought a new stake in Glacier Bancorp during the second quarter worth about $193,000. BlackRock Inc. raised its stake in Glacier Bancorp by 52.3% in the first quarter. BlackRock Inc. now owns 8,203 shares of the company’s stock worth $208,000 after buying an additional 2,816 shares in the last quarter. Finally, Naples Global Advisors LLC bought a new stake in Glacier Bancorp during the second quarter worth about $349,000. 75.60% of the stock is currently owned by hedge funds and other institutional investors.
Glacier Bancorp Inc. (NASDAQ:GBCI) traded up 1.19% on Friday, reaching $27.95. The company had a trading volume of 251,731 shares. The stock has a 50 day moving average of $28.81 and a 200 day moving average of $27.16. The firm has a market capitalization of $2.13 billion, a PE ratio of 17.95 and a beta of 1.47. Glacier Bancorp Inc. has a 12 month low of $21.90 and a 12 month high of $30.12.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.40 EPS for the quarter, missing the 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 anticipate that Glacier Bancorp Inc. will post $1.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Tuesday, October 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.80 annualized dividend and a yield of 2.86%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 51.28%.
GBCI has been the topic of a number of analyst reports. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. FIG Partners lowered Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.25.
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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