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.
Get Glacier Bancorp alerts: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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