DF Dent & Co. Inc. increased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 153.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 21,730 shares of the bank’s stock after acquiring an additional 13,159 shares during the period. DF Dent & Co. Inc.’s holdings in Glacier Bancorp were worth $821,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Glacier Bancorp by 2.3% in the 2nd quarter. BlackRock Inc. now owns 9,857,811 shares of the bank’s stock valued at $360,895,000 after buying an additional 217,840 shares during the last quarter. Vanguard Group Inc. grew its holdings in Glacier Bancorp by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 7,233,836 shares of the bank’s stock valued at $264,832,000 after buying an additional 178,063 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Glacier Bancorp by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,270,992 shares of the bank’s stock valued at $85,752,000 after buying an additional 8,556 shares during the last quarter. Aberdeen Asset Management PLC UK grew its holdings in Glacier Bancorp by 6.0% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,192,431 shares of the bank’s stock valued at $80,265,000 after buying an additional 124,446 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its holdings in Glacier Bancorp by 2.4% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,822,570 shares of the bank’s stock valued at $66,724,000 after buying an additional 42,317 shares during the last quarter. 84.40% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Don J. Chery sold 12,000 shares of Glacier Bancorp stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $38.29, for a total transaction of $459,480.00. Following the sale, the insider now owns 30,270 shares of the company’s stock, valued at approximately $1,159,038.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Blodnick sold 25,338 shares of Glacier Bancorp stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $38.38, for a total value of $972,472.44. Following the sale, the director now directly owns 25,497 shares in the company, valued at approximately $978,574.86. The disclosure for this sale can be found here. Insiders have sold a total of 82,398 shares of company stock worth $3,138,825 in the last three months. 0.65% of the stock is owned by insiders.
A number of analysts have issued reports on the company. BidaskClub lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 target price on shares of Glacier Bancorp in a report on Wednesday, November 29th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 target price on shares of Glacier Bancorp in a report on Friday, September 29th. Zacks Investment Research lowered Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Piper Jaffray Companies set a $38.00 target price on Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.67.
Shares of Glacier Bancorp, Inc. (GBCI) opened at $38.13 on Wednesday. The stock has a market capitalization of $2,942.42, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.13 and a beta of 1.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24. Glacier Bancorp, Inc. has a fifty-two week low of $31.38 and a fifty-two week high of $41.23.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 19th. The bank reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. The company had revenue of $120.00 million for the quarter, compared to analyst estimates of $121.07 million. equities research analysts forecast that Glacier Bancorp, Inc. will post 1.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, December 4th. Glacier Bancorp’s payout ratio is presently 48.84%.
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About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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