Vanguard Group Inc. boosted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,507,257 shares of the bank’s stock after acquiring an additional 220,519 shares during the quarter. Vanguard Group Inc. owned about 10.07% of Glacier Bancorp worth $366,578,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Glacier Bancorp by 3.4% in the third quarter. Rhumbline Advisers now owns 217,866 shares of the bank’s stock worth $9,388,000 after acquiring an additional 7,198 shares in the last quarter. Carillon Tower Advisers Inc. raised its position in Glacier Bancorp by 78.7% in the third quarter. Carillon Tower Advisers Inc. now owns 1,244,173 shares of the bank’s stock worth $53,611,000 after acquiring an additional 547,961 shares in the last quarter. Eagle Asset Management Inc. raised its position in Glacier Bancorp by 143.8% in the third quarter. Eagle Asset Management Inc. now owns 1,824,042 shares of the bank’s stock worth $78,597,000 after acquiring an additional 1,075,862 shares in the last quarter. State of Alaska Department of Revenue raised its position in Glacier Bancorp by 6.0% in the third quarter. State of Alaska Department of Revenue now owns 27,527 shares of the bank’s stock worth $1,186,000 after acquiring an additional 1,555 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Glacier Bancorp by 6.1% in the second quarter. Legal & General Group Plc now owns 174,000 shares of the bank’s stock worth $6,765,000 after acquiring an additional 10,052 shares in the last quarter. Hedge funds and other institutional investors own 82.53% of the company’s stock.
Glacier Bancorp stock opened at $41.93 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.72 and a beta of 1.33. Glacier Bancorp, Inc. has a fifty-two week low of $35.77 and a fifty-two week high of $47.67.
The business also recently disclosed a special dividend, which will be paid on Thursday, January 17th. Investors of record on Tuesday, January 8th will be paid a dividend of $0.30 per share. This represents a dividend yield of 2.65%. The ex-dividend date is Monday, January 7th. Glacier Bancorp’s payout ratio is currently 59.43%.
Several analysts have weighed in on GBCI shares. BidaskClub lowered Glacier Bancorp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 28th. Zacks Investment Research raised Glacier Bancorp from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Wednesday, October 24th. Finally, ValuEngine raised Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $43.25.
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Glacier Bancorp Profile
Glacier Bancorp, Inc operates as the 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 deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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