Glacier Bancorp, Inc. (GBCI) Position Boosted by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. raised its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 32.7% during the second quarter, Holdings Channel reports. The institutional investor owned 9,333 shares of the bank’s stock after buying an additional 2,302 shares during the period. Stratos Wealth Partners LTD.’s holdings in Glacier Bancorp were worth $342,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. First Midwest Bank Trust Division boosted its stake in Glacier Bancorp by 9.1% in the first quarter. First Midwest Bank Trust Division now owns 13,773 shares of the bank’s stock worth $467,000 after buying an additional 1,146 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Glacier Bancorp during the first quarter worth approximately $569,000. Oxford Asset Management acquired a new stake in Glacier Bancorp during the first quarter worth approximately $510,000. Highbridge Capital Management LLC acquired a new stake in Glacier Bancorp during the fourth quarter worth approximately $273,000. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Glacier Bancorp by 12.6% in the first quarter. Bahl & Gaynor Inc. now owns 19,143 shares of the bank’s stock valued at $649,000 after buying an additional 2,135 shares during the period. 78.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Glacier Bancorp, Inc. (NASDAQ GBCI) opened at 35.12 on Wednesday. The company has a market capitalization of $2.74 billion, a PE ratio of 21.28 and a beta of 1.44. The stock has a 50 day moving average price of $35.71 and a 200 day moving average price of $34.89. Glacier Bancorp, Inc. has a one year low of $27.31 and a one year high of $38.17.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. The company had revenue of $113.91 million for the quarter, compared to analyst estimates of $115.60 million. During the same quarter last year, the company earned $0.40 EPS. On average, equities research analysts predict that Glacier Bancorp, Inc. will post $1.78 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Wednesday, July 12th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, July 10th. This represents a $0.84 annualized dividend and a dividend yield of 2.39%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 50.91%.
TRADEMARK VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/09/glacier-bancorp-inc-gbci-position-boosted-by-stratos-wealth-partners-ltd.html.
Several equities research analysts have recently issued reports on the company. BidaskClub cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Piper Jaffray Companies reduced their target price on Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. Finally, Keefe, Bruyette & Woods set a $36.00 target price on Glacier Bancorp and gave the stock a “hold” rating in a report on Monday, June 26th.
In related news, Director James M. English sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $36.65, for a total transaction of $91,625.00. Following the completion of the transaction, the director now owns 20,181 shares in the company, valued at approximately $739,633.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by corporate insiders.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
Want to see what other hedge funds are holding GBCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Glacier Bancorp, Inc. (NASDAQ:GBCI).
Receive News & Ratings for Glacier Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.