SG Americas Securities LLC boosted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) by 122.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,233 shares of the bank’s stock after acquiring an additional 29,314 shares during the quarter. SG Americas Securities LLC’s holdings in Glacier Bancorp were worth $2,236,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in GBCI. Raymond James Financial Services Advisors Inc. increased its position in Glacier Bancorp by 3.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,668 shares of the bank’s stock valued at $1,492,000 after acquiring an additional 926 shares during the period. US Bancorp DE increased its stake in Glacier Bancorp by 2.9% during the 1st quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock valued at $559,000 after buying an additional 308 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Glacier Bancorp during the 1st quarter valued at about $410,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Glacier Bancorp by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,755 shares of the bank’s stock valued at $1,999,000 after buying an additional 3,791 shares during the period. Finally, Great West Life Assurance Co. Can increased its stake in Glacier Bancorp by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 58,637 shares of the bank’s stock valued at $3,029,000 after buying an additional 3,729 shares during the period. 74.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on GBCI shares. DA Davidson lowered their price objective on shares of Glacier Bancorp from $47.00 to $42.00 in a research note on Wednesday, June 21st. TheStreet cut Glacier Bancorp from a “b-” rating to a “c+” rating in a report on Thursday, May 4th. Truist Financial decreased their target price on Glacier Bancorp from $40.00 to $34.00 in a report on Thursday, June 29th. Stephens restated an “equal weight” rating and issued a $31.00 target price on shares of Glacier Bancorp in a report on Friday. Finally, Raymond James cut their price target on shares of Glacier Bancorp from $41.00 to $34.00 in a report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.25.
Glacier Bancorp Trading Down 8.0 %
Glacier Bancorp (NASDAQ:GBCI – Get Free Report) last released its earnings results on Friday, April 21st. The bank reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $229.49 million. During the same period last year, the firm earned $0.61 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Glacier Bancorp, Inc. will post 2.05 earnings per share for the current fiscal year.
Glacier Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Tuesday, July 11th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Monday, July 10th. Glacier Bancorp’s dividend payout ratio is currently 49.25%.
Insider Activity
In related news, CAO Don J. Chery purchased 1,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $27.16 per share, for a total transaction of $27,160.00. Following the acquisition, the chief accounting officer now directly owns 49,741 shares in the company, valued at approximately $1,350,965.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Glacier Bancorp news, CFO Ron J. Copher acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was purchased at an average cost of $32.94 per share, for a total transaction of $72,468.00. Following the completion of the acquisition, the chief financial officer now owns 79,694 shares of the company’s stock, valued at approximately $2,625,120.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Don J. Chery acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average price of $27.16 per share, with a total value of $27,160.00. Following the completion of the acquisition, the chief accounting officer now directly owns 49,741 shares of the company’s stock, valued at approximately $1,350,965.56. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,135 shares of company stock worth $376,256 in the last ninety days. Corporate insiders own 0.44% of the company’s stock.
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 Articles
- 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.
