Glacier Bancorp, Inc. (NASDAQ:GBCI) Stock Position Reduced by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,838 shares of the bank’s stock after selling 1,690 shares during the period. Amalgamated Bank’s holdings in Glacier Bancorp were worth $1,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Glacier Bancorp by 2.9% in the 1st quarter. BlackRock Inc. now owns 13,765,767 shares of the bank’s stock worth $578,300,000 after purchasing an additional 388,578 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Glacier Bancorp by 1.4% in the third quarter. Vanguard Group Inc. now owns 11,281,413 shares of the bank’s stock valued at $554,256,000 after buying an additional 155,648 shares in the last quarter. State Street Corp lifted its position in shares of Glacier Bancorp by 12.1% during the 2nd quarter. State Street Corp now owns 5,281,795 shares of the bank’s stock valued at $164,634,000 after acquiring an additional 568,105 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Glacier Bancorp by 4.5% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 2,801,943 shares of the bank’s stock valued at $87,337,000 after acquiring an additional 120,518 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Glacier Bancorp by 4.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,323,749 shares of the bank’s stock worth $97,622,000 after acquiring an additional 100,095 shares during the last quarter. 76.91% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

Shares of GBCI opened at $37.37 on Tuesday. The business’s 50-day moving average is $39.96 and its 200-day moving average is $34.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 18.59 and a beta of 0.81. Glacier Bancorp, Inc. has a fifty-two week low of $26.77 and a fifty-two week high of $47.83.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. The firm had revenue of $197.32 million for the quarter, compared to analyst estimates of $198.32 million. Glacier Bancorp had a net margin of 19.63% and a return on equity of 7.59%. The company’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Equities research analysts expect that Glacier Bancorp, Inc. will post 1.82 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Investors of record on Tuesday, December 5th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. Glacier Bancorp’s dividend payout ratio is 65.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GBCI shares. Truist Financial upped their target price on Glacier Bancorp from $43.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, January 30th. StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a research note on Friday, January 19th. Raymond James lifted their target price on shares of Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, TheStreet upgraded shares of Glacier Bancorp from a “c” rating to a “b-” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.40.

Check Out Our Latest Analysis on GBCI

Glacier Bancorp Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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