Stockman Asset Management Sells 2,172 Shares of Glacier Bancorp, Inc. (GBCI)
Stockman Asset Management cut its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,581 shares of the company’s stock after selling 2,172 shares during the period. Stockman Asset Management owned about 0.08% of Glacier Bancorp worth $1,842,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Aberdeen Asset Management PLC UK boosted its position in shares of Glacier Bancorp by 213.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 992,736 shares of the company’s stock worth $26,387,000 after buying an additional 675,519 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Glacier Bancorp by 5.9% in the second quarter. Vanguard Group Inc. now owns 6,080,436 shares of the company’s stock worth $161,618,000 after buying an additional 340,564 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Glacier Bancorp during the second quarter worth about $4,603,000. BlackRock Fund Advisors boosted its position in shares of Glacier Bancorp by 3.1% in the second quarter. BlackRock Fund Advisors now owns 4,977,626 shares of the company’s stock worth $132,305,000 after buying an additional 151,684 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Glacier Bancorp by 9.1% in the second quarter. JPMorgan Chase & Co. now owns 1,809,365 shares of the company’s stock worth $48,093,000 after buying an additional 150,547 shares during the last quarter. Institutional investors and hedge funds own 76.24% of the company’s stock.
Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 1.27% on Friday, hitting $35.08. The stock had a trading volume of 240,066 shares. Glacier Bancorp, Inc. has a one year low of $21.90 and a one year high of $37.87. The company has a market capitalization of $2.68 billion, a P/E ratio of 22.34 and a beta of 1.44. The firm has a 50 day moving average price of $35.85 and a 200 day moving average price of $30.09.
Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 20th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.02. Glacier Bancorp had a net margin of 26.97% and a return on equity of 10.77%. On average, equities research analysts predict that Glacier Bancorp, Inc. will post $1.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 19th. Shareholders of record on Tuesday, January 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, January 6th. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.20. Glacier Bancorp’s payout ratio is 50.96%.
Separately, Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Monday, November 28th.
In other Glacier Bancorp news, insider Don J. Chery sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $33.26, for a total value of $99,780.00. Following the completion of the sale, the insider now owns 40,166 shares of the company’s stock, valued at $1,335,921.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Murdoch sold 2,869 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $37.43, for a total value of $107,386.67. The disclosure for this sale can be found here. 1.09% of the stock is owned by company insiders.
About Glacier Bancorp
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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