GW&K Investment Management LLC lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,394,912 shares of the bank’s stock after buying an additional 130,966 shares during the period. Glacier Bancorp makes up 0.8% of GW&K Investment Management LLC’s holdings, making the stock its 22nd largest holding. GW&K Investment Management LLC’s holdings in Glacier Bancorp were worth $56,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other large investors have also recently made changes to their positions in the company. Quest Capital Management Inc. ADV purchased a new stake in shares of Glacier Bancorp during the 3rd quarter worth approximately $31,000. Benjamin Edwards Inc. boosted its stake in shares of Glacier Bancorp by 27.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 2,602 shares of the bank’s stock worth $106,000 after acquiring an additional 565 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Glacier Bancorp during the 2nd quarter worth approximately $120,000. TRUE Private Wealth Advisors purchased a new stake in shares of Glacier Bancorp during the 2nd quarter worth approximately $202,000. Finally, Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Glacier Bancorp during the 3rd quarter worth approximately $205,000. 77.01% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on GBCI shares. Stephens set a $40.00 price target on Glacier Bancorp and gave the stock a “hold” rating in a research note on Thursday, October 17th. ValuEngine lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. SunTrust Banks decreased their price target on Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, October 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $41.67.
GBCI stock traded up $0.02 on Friday, reaching $44.16. The company had a trading volume of 207,200 shares, compared to its average volume of 298,050. The company has a market cap of $4.02 billion, a P/E ratio of 20.35 and a beta of 1.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.88 and a current ratio of 0.87. The company’s fifty day moving average is $41.42 and its 200 day moving average is $40.62. Glacier Bancorp, Inc. has a 1 year low of $36.84 and a 1 year high of $47.67.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). The firm had revenue of $174.50 million for the quarter, compared to analyst estimates of $157.11 million. Glacier Bancorp had a return on equity of 12.65% and a net margin of 30.85%. On average, sell-side analysts predict that Glacier Bancorp, Inc. will post 2.43 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were issued a $0.29 dividend. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, October 7th. Glacier Bancorp’s dividend payout ratio is currently 53.46%.
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 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 deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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