Handelsbanken Fonder AB raised its position in Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) by 40.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,774 shares of the bank’s stock after purchasing an additional 8,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Glacier Bancorp were worth $1,167,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of GBCI. Morgan Stanley raised its holdings in shares of Glacier Bancorp by 150.3% in the 4th quarter. Morgan Stanley now owns 1,517,289 shares of the bank’s stock worth $74,984,000 after purchasing an additional 911,001 shares during the period. Norges Bank purchased a new position in shares of Glacier Bancorp in the 4th quarter worth about $35,036,000. Madison Asset Management LLC raised its holdings in shares of Glacier Bancorp by 65.1% in the 1st quarter. Madison Asset Management LLC now owns 1,072,835 shares of the bank’s stock worth $45,070,000 after purchasing an additional 423,115 shares during the period. State Street Corp raised its holdings in shares of Glacier Bancorp by 7.8% in the 1st quarter. State Street Corp now owns 4,807,832 shares of the bank’s stock worth $241,738,000 after purchasing an additional 346,492 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Glacier Bancorp by 10.2% in the 4th quarter. Geode Capital Management LLC now owns 2,165,403 shares of the bank’s stock worth $107,014,000 after purchasing an additional 200,094 shares during the period. 74.71% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Glacier Bancorp
In other news, CAO Don J. Chery bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $27.16 per share, for a total transaction of $27,160.00. Following the transaction, the chief accounting officer now owns 49,741 shares in the company, valued at $1,350,965.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Don J. Chery bought 1,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average price of $27.16 per share, for a total transaction of $27,160.00. Following the transaction, the chief accounting officer now owns 49,741 shares in the company, valued at $1,350,965.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Ron J. Copher acquired 2,200 shares of Glacier Bancorp stock in a transaction that occurred on Tuesday, April 25th. The shares were bought at an average price of $32.94 per share, with a total value of $72,468.00. Following the transaction, the chief financial officer now directly owns 79,694 shares in the company, valued at $2,625,120.36. The disclosure for this purchase can be found here. In the last quarter, insiders bought 12,135 shares of company stock worth $376,256. 0.44% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Glacier Bancorp Price Performance
Shares of NASDAQ GBCI opened at $32.27 on Friday. Glacier Bancorp, Inc. has a fifty-two week low of $26.77 and a fifty-two week high of $59.70. The business has a 50 day moving average price of $31.84 and a two-hundred day moving average price of $38.65. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.58 billion, a PE ratio of 12.04 and a beta of 0.80.
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last issued its quarterly earnings data on Friday, April 21st. The bank reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.08). Glacier Bancorp had a net margin of 30.08% and a return on equity of 10.37%. The business had revenue of $214.09 million for the quarter, compared to analyst estimates of $229.49 million. During the same quarter last year, the business earned $0.61 EPS. Glacier Bancorp’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts expect that Glacier Bancorp, Inc. will post 2.05 earnings per share for the current fiscal year.
Glacier Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Tuesday, July 11th were given a $0.33 dividend. The ex-dividend date was Monday, July 10th. This represents a $1.32 annualized dividend and a dividend yield of 4.09%. Glacier Bancorp’s payout ratio is 49.25%.
Glacier Bancorp Profile
Glacier Bancorp, Inc operates as the bank 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 deposit, negotiated-rate jumbo certificates, and individual retirement accounts.
Featured Stories
- Five stocks we like better than Glacier Bancorp
- U.S. Bancorp Shares Rally As Analysts Get Bullish After Q2 Report
- AutoNation Beats Earnings Expectations, Stock Down?
- American Express Hiccups After Earnings, Time To Buy?
- ISRG Stock Sinks After Strong Earnings: Is the Growth Priced In?
- Winners And Losers In The Oilfield Supercycle
Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
