Glacier Bancorp, Inc. (GBCI) Shares Bought by Amalgamated Bank
Amalgamated Bank grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,526 shares of the bank’s stock after buying an additional 200 shares during the quarter. Amalgamated Bank’s holdings in Glacier Bancorp were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its stake in Glacier Bancorp by 2.3% during the second quarter. BlackRock Inc. now owns 9,857,811 shares of the bank’s stock worth $360,895,000 after buying an additional 217,840 shares during the last quarter. Vanguard Group Inc. grew its stake in Glacier Bancorp by 5.7% during the first quarter. Vanguard Group Inc. now owns 7,055,773 shares of the bank’s stock worth $239,402,000 after buying an additional 381,855 shares during the last quarter. State Street Corp grew its stake in Glacier Bancorp by 25.8% during the first quarter. State Street Corp now owns 3,003,305 shares of the bank’s stock worth $101,899,000 after buying an additional 615,216 shares during the last quarter. Aberdeen Asset Management PLC UK grew its stake in Glacier Bancorp by 6.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 2,192,431 shares of the bank’s stock worth $80,265,000 after buying an additional 124,446 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Glacier Bancorp by 15.4% during the second quarter. Neuberger Berman Group LLC now owns 1,625,821 shares of the bank’s stock worth $59,521,000 after buying an additional 217,507 shares during the last quarter. 80.86% of the stock is currently owned by hedge funds and other institutional investors.
GBCI has been the topic of several research analyst reports. BidaskClub raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the stock a “hold” rating in a research report on Saturday, July 29th. Zacks Investment Research lowered shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods set a $36.00 target price on shares of Glacier Bancorp and gave the stock a “hold” rating in a research report on Monday, June 26th.
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Glacier Bancorp, Inc. (NASDAQ:GBCI) opened at 37.62 on Friday. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.80 and a beta of 1.49. The stock’s 50 day moving average is $34.49 and its 200-day moving average is $34.44. Glacier Bancorp, Inc. has a 12 month low of $27.31 and a 12 month high of $38.18.
Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. The business had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.60 million. During the same period in the previous year, the firm earned $0.40 earnings per share. Equities analysts anticipate that Glacier Bancorp, Inc. will post $1.78 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Wednesday, September 20th. Glacier Bancorp’s payout ratio is 50.91%.
Glacier Bancorp Company Profile
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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