CWH Capital Management Inc. Has $432,000 Position in Glacier Bancorp, Inc. (GBCI)
CWH Capital Management Inc. continued to hold its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,797 shares of the bank’s stock at the close of the second quarter. CWH Capital Management Inc.’s holdings in Glacier Bancorp were worth $432,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of GBCI. LS Investment Advisors LLC raised its stake in shares of Glacier Bancorp by 4.9% in the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after purchasing an additional 134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Glacier Bancorp by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after purchasing an additional 283 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Glacier Bancorp by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after purchasing an additional 947 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Glacier Bancorp by 23.7% in the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after purchasing an additional 744 shares in the last quarter. Finally, Fiduciary Trust Co. acquired a new position in shares of Glacier Bancorp in the second quarter valued at $183,000. Institutional investors and hedge funds own 80.86% of the company’s stock.
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Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded down 0.95% on Friday, hitting $37.35. The company had a trading volume of 78,432 shares. The company has a market capitalization of $2.91 billion, a P/E ratio of 22.64 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 has a 50-day moving average price of $34.36 and a 200 day moving average price of $34.42.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). The company had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.60 million. Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. During the same period in the prior year, the firm earned $0.40 earnings per share. Equities analysts expect that Glacier Bancorp, Inc. will post $1.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were issued a $0.21 dividend. The ex-dividend date was Wednesday, September 20th. This represents a $0.84 annualized dividend and a yield of 2.23%. Glacier Bancorp’s dividend payout ratio is presently 50.91%.
A number of research analysts recently commented on GBCI shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 target price on shares of Glacier Bancorp in a research note on Thursday, July 27th. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies restated a “hold” rating and issued a $37.00 target price on shares of Glacier Bancorp in a research note on Wednesday, July 12th. Finally, BidaskClub lowered Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
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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