Goldman Sachs Group Inc. Has $70.94 Million Holdings in Glacier Bancorp, Inc. (GBCI)
Goldman Sachs Group Inc. boosted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,937,772 shares of the bank’s stock after purchasing an additional 107 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.48% of Glacier Bancorp worth $70,943,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in Glacier Bancorp by 2.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 395,892 shares of the bank’s stock worth $14,494,000 after purchasing an additional 9,858 shares during the last quarter. Dearborn Partners LLC increased its holdings in Glacier Bancorp by 17.0% during the 2nd quarter. Dearborn Partners LLC now owns 494,531 shares of the bank’s stock worth $18,105,000 after purchasing an additional 72,019 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Glacier Bancorp during the 1st quarter worth approximately $569,000. Oxford Asset Management purchased a new stake in Glacier Bancorp during the 1st quarter worth approximately $510,000. Finally, Citigroup Inc. increased its holdings in Glacier Bancorp by 5.2% during the 2nd quarter. Citigroup Inc. now owns 58,071 shares of the bank’s stock worth $2,126,000 after purchasing an additional 2,845 shares during the last quarter. Institutional investors own 80.86% of the company’s stock.
Shares of Glacier Bancorp, Inc. (GBCI) opened at 37.365 on Thursday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 22.645 and a beta of 1.49. Glacier Bancorp, Inc. has a 12-month low of $27.31 and a 12-month high of $38.18. The firm’s 50-day moving average price is $34.25 and its 200 day moving average price is $34.40.
Glacier Bancorp (NASDAQ:GBCI) last announced its 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 net margin of 27.30% and a return on equity of 11.02%. The business had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.60 million. During the same quarter in the previous year, the company earned $0.40 EPS. Analysts predict that Glacier Bancorp, Inc. will post $1.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 21st were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, September 20th. This represents a $0.84 annualized dividend and a yield of 2.25%. Glacier Bancorp’s payout ratio is 50.91%.
Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 price objective on shares of Glacier Bancorp in a report on Friday, September 29th. Zacks Investment Research downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the stock a “hold” rating in a report on Saturday, July 29th. Finally, BidaskClub downgraded Glacier Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th.
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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.
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