Trade Report: The UBS Asset Management Americas Inc. invests in Glacier Bancorp Inc. (GBCI) Shares

The UBS Asset Management Americas Inc. invests in Glacier Bancorp Inc. (GBCI) Shares

UBS Asset Management Americas Inc. increased its stake in shares of Glacier Bancorp Inc. (NASDAQ:GBCI) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 54,341 shares of the company’s stock after buying an additional 896 shares during the period. UBS Asset Management Americas Inc. owned about 0.07% of Glacier Bancorp worth $1,444,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GBCI. Teachers Advisors Inc. raised its stake in shares of Glacier Bancorp by 4.5% in the first quarter. Teachers Advisors Inc. now owns 113,970 shares of the company’s stock valued at $2,897,000 after buying an additional 4,878 shares during the period. Prudential Financial Inc. raised its stake in shares of Glacier Bancorp by 1.3% in the first quarter. Prudential Financial Inc. now owns 188,501 shares of the company’s stock valued at $4,792,000 after buying an additional 2,400 shares during the period. BlackRock Inc. raised its stake in shares of Glacier Bancorp by 52.3% in the first quarter. BlackRock Inc. now owns 8,203 shares of the company’s stock valued at $208,000 after buying an additional 2,816 shares during the period. BlackRock Group LTD raised its stake in shares of Glacier Bancorp by 3.2% in the first quarter. BlackRock Group LTD now owns 150,953 shares of the company’s stock valued at $3,837,000 after buying an additional 4,748 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Glacier Bancorp by 6.1% in the first quarter. JPMorgan Chase & Co. now owns 1,658,818 shares of the company’s stock valued at $42,167,000 after buying an additional 95,972 shares during the period. Hedge funds and other institutional investors own 75.60% of the company’s stock.

Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) traded down 2.37% during mid-day trading on Thursday, reaching $27.64. 22,943 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $28.89 and a 200 day moving average price of $27.14. Glacier Bancorp Inc. has a 52 week low of $21.90 and a 52 week high of $30.12. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 17.75 and a beta of 1.47.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.01. Glacier Bancorp had a net margin of 27.17% and a return on equity of 10.82%. Equities research analysts predict that Glacier Bancorp Inc. will post $1.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Tuesday, October 11th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, October 6th. Glacier Bancorp’s payout ratio is currently 51.28%.

Several analysts recently issued reports on GBCI shares. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. FIG Partners lowered shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.25.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company 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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