Glacier Bancorp (NASDAQ:GBCI) Raised to Hold at BidaskClub
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Glacier Bancorp from a buy rating to a hold rating in a report on Tuesday, April 9th. SunTrust Banks set a $45.00 price target on shares of Glacier Bancorp and gave the company a buy rating in a report on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $43.80.
Shares of NASDAQ:GBCI opened at $40.55 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. Glacier Bancorp has a 1-year low of $36.84 and a 1-year high of $47.67. The stock has a market capitalization of $3.51 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.67 and a beta of 1.18. The firm’s 50 day moving average price is $40.32.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.08 annualized dividend and a dividend yield of 2.66%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.26. Glacier Bancorp’s dividend payout ratio (DPR) is presently 47.93%.
In other news, Director David C. Boyles sold 25,399 shares of Glacier Bancorp stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $40.32, for a total transaction of $1,024,087.68. Following the sale, the director now owns 1,218 shares in the company, valued at $49,109.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.59% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in Glacier Bancorp by 1.2% in the first quarter. Great West Life Assurance Co. Can now owns 112,786 shares of the bank’s stock worth $4,515,000 after purchasing an additional 1,285 shares during the last quarter. Amalgamated Bank increased its position in Glacier Bancorp by 9.7% during the fourth quarter. Amalgamated Bank now owns 12,349 shares of the bank’s stock valued at $489,000 after acquiring an additional 1,095 shares during the last quarter. First Interstate Bank increased its position in Glacier Bancorp by 31.6% during the first quarter. First Interstate Bank now owns 5,417 shares of the bank’s stock valued at $217,000 after acquiring an additional 1,302 shares during the last quarter. Raymond James & Associates increased its position in Glacier Bancorp by 5.8% during the fourth quarter. Raymond James & Associates now owns 283,340 shares of the bank’s stock valued at $11,226,000 after acquiring an additional 15,524 shares during the last quarter. Finally, Vanguard Group Inc increased its position in Glacier Bancorp by 2.7% during the third quarter. Vanguard Group Inc now owns 8,507,257 shares of the bank’s stock valued at $366,578,000 after acquiring an additional 220,519 shares during the last quarter. Institutional investors own 77.38% of the company’s stock.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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