United Capital Financial Advisers LLC increased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,276 shares of the bank’s stock after buying an additional 32,417 shares during the quarter. United Capital Financial Advisers LLC owned 0.46% of Glacier Bancorp worth $16,191,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in GBCI. Cable Hill Partners LLC grew its stake in Glacier Bancorp by 1,229.3% in the 1st quarter. Cable Hill Partners LLC now owns 1,768 shares of the bank’s stock valued at $71,000 after purchasing an additional 1,635 shares during the period. Benjamin Edwards Inc. grew its stake in Glacier Bancorp by 27.7% in the 2nd quarter. Benjamin Edwards Inc. now owns 2,602 shares of the bank’s stock valued at $106,000 after purchasing an additional 565 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Glacier Bancorp in the 2nd quarter valued at $120,000. TRUE Private Wealth Advisors bought a new position in Glacier Bancorp in the 2nd quarter valued at $202,000. Finally, TrinityPoint Wealth LLC bought a new position in Glacier Bancorp in the 1st quarter valued at $226,000. Hedge funds and other institutional investors own 77.34% of the company’s stock.
Shares of NASDAQ GBCI traded up $0.43 during trading on Friday, reaching $41.36. 208,975 shares of the stock traded hands, compared to its average volume of 294,518. Glacier Bancorp, Inc. has a 52-week low of $36.84 and a 52-week high of $47.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day moving average of $39.80 and a 200-day moving average of $40.63. The stock has a market capitalization of $3.58 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Glacier Bancorp had a return on equity of 13.02% and a net margin of 31.97%. The firm had revenue of $151.13 million for the quarter, compared to analysts’ expectations of $151.63 million. Analysts expect that Glacier Bancorp, Inc. will post 2.4 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the company. BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Zacks Investment Research raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $43.67.
About Glacier Bancorp
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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