SeaCrest Wealth Management LLC bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Rating) during the 2nd quarter, Holdings Channel reports. The firm bought 543 shares of the bank’s stock, valued at approximately $26,000.
Several other large investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in Glacier Bancorp by 1.4% in the second quarter. Commonwealth Equity Services LLC now owns 15,197 shares of the bank’s stock valued at $720,000 after acquiring an additional 207 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Glacier Bancorp by 9.7% in the second quarter. Van ECK Associates Corp now owns 2,751 shares of the bank’s stock valued at $130,000 after acquiring an additional 243 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Glacier Bancorp by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 20,775 shares of the bank’s stock valued at $1,045,000 after acquiring an additional 263 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Glacier Bancorp by 3.1% in the second quarter. Resonant Capital Advisors LLC now owns 9,419 shares of the bank’s stock valued at $447,000 after acquiring an additional 282 shares during the last quarter. Finally, Strs Ohio lifted its stake in Glacier Bancorp by 2.1% in the second quarter. Strs Ohio now owns 14,700 shares of the bank’s stock valued at $697,000 after buying an additional 300 shares during the period. Institutional investors own 69.88% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on GBCI shares. Truist Financial increased their target price on Glacier Bancorp from $61.00 to $68.00 in a research note on Monday, November 7th. Stephens increased their target price on Glacier Bancorp from $53.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 27th. Finally, StockNews.com started coverage on Glacier Bancorp in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock.
Glacier Bancorp Trading Down 0.6 %
Glacier Bancorp (NASDAQ:GBCI – Get Rating) last released its quarterly earnings results on Friday, October 21st. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). The business had revenue of $235.73 million for the quarter, compared to analyst estimates of $238.18 million. Glacier Bancorp had a return on equity of 9.31% and a net margin of 29.68%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 EPS. On average, equities analysts expect that Glacier Bancorp, Inc. will post 2.77 earnings per share for the current year.
Glacier Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, December 6th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, December 5th. Glacier Bancorp’s dividend payout ratio is currently 53.23%.
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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