Walleye Capital LLC acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Rating) during the first quarter, HoldingsChannel reports. The firm acquired 9,236 shares of the bank’s stock, valued at approximately $464,000.
A number of other institutional investors also recently bought and sold shares of GBCI. California Public Employees Retirement System boosted its holdings in shares of Glacier Bancorp by 3.4% in the first quarter. California Public Employees Retirement System now owns 224,110 shares of the bank’s stock valued at $11,268,000 after acquiring an additional 7,283 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Glacier Bancorp by 6.9% in the 1st quarter. Teacher Retirement System of Texas now owns 21,610 shares of the bank’s stock valued at $1,087,000 after buying an additional 1,404 shares during the period. Amussen Hunsaker Associates LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter valued at approximately $440,000. King Luther Capital Management Corp lifted its holdings in shares of Glacier Bancorp by 0.6% in the 4th quarter. King Luther Capital Management Corp now owns 883,062 shares of the bank’s stock valued at $50,070,000 after buying an additional 5,212 shares during the period. Finally, Eaton Vance Management lifted its holdings in shares of Glacier Bancorp by 2.9% in the 4th quarter. Eaton Vance Management now owns 751,553 shares of the bank’s stock valued at $42,550,000 after buying an additional 20,915 shares during the period. 69.88% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. StockNews.com cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, May 28th. Truist Financial raised their price target on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, September 14th.
Glacier Bancorp Price Performance
Glacier Bancorp (NASDAQ:GBCI – Get Rating) last issued its earnings results on Thursday, July 21st. The bank reported $0.69 earnings per share 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 quarter last year, the firm earned $0.81 earnings per share. Equities research analysts forecast that Glacier Bancorp, Inc. will post 2.81 EPS for the current year.
Glacier Bancorp Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Shareholders of record on Tuesday, July 12th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date was Monday, July 11th. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s payout ratio is currently 51.76%.
Glacier Bancorp Profile
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.
- Get a free copy of the StockNews.com research report on Glacier Bancorp (GBCI)
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