Allworth Financial LP boosted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Rating) by 4,135.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 593 shares of the bank's stock after acquiring an additional 579 shares during the quarter. Allworth Financial LP's holdings in Glacier Bancorp were worth $28,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Glacier Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 10,944,370 shares of the bank's stock valued at $550,283,000 after acquiring an additional 96,588 shares during the last quarter. State Street Corp increased its stake in Glacier Bancorp by 7.8% in the first quarter. State Street Corp now owns 4,807,832 shares of the bank's stock valued at $241,738,000 after acquiring an additional 346,492 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Glacier Bancorp by 1.3% in the first quarter. Neuberger Berman Group LLC now owns 3,822,413 shares of the bank's stock valued at $192,193,000 after acquiring an additional 49,527 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Glacier Bancorp by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,214,075 shares of the bank's stock valued at $111,328,000 after acquiring an additional 18,945 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Glacier Bancorp by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 1,551,368 shares of the bank's stock valued at $78,003,000 after acquiring an additional 10,129 shares during the last quarter. Institutional investors own 69.88% of the company's stock.
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Glacier Bancorp Stock Down 2.6 %
Shares of NASDAQ:GBCI opened at $49.45 on Friday. The stock's 50-day moving average price is $51.16 and its 200-day moving average price is $49.15. Glacier Bancorp, Inc. has a 12-month low of $44.43 and a 12-month high of $60.69. The stock has a market capitalization of $5.48 billion, a P/E ratio of 19.39 and a beta of 0.81. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.27.
Glacier Bancorp (NASDAQ:GBCI – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The bank reported $0.69 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.69. The firm had revenue of $221.72 million for the quarter, compared to analysts' expectations of $225.85 million. Glacier Bancorp had a return on equity of 9.50% and a net
margin of 30.72%. During the same period last year, the firm earned $0.81 earnings per share. On average, equities analysts anticipate that Glacier Bancorp, Inc. will post 2.81 earnings per share for the current year.
Glacier Bancorp Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, October 20th. Stockholders of record on Monday, October 10th will be issued a dividend of $0.33 per share. This is a positive change from Glacier Bancorp's previous dividend of $0.10. This represents a dividend yield of 2.67%. The ex-dividend date is Friday, October 7th. Glacier Bancorp's dividend payout ratio is currently 51.76%.
Wall Street Analysts Forecast Growth
Separately, Truist Financial raised their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, September 14th.
Glacier Bancorp Company Profile
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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.
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