Principal Financial Group Inc. boosted its position in shares of Glacier Bancorp Inc. (NASDAQ:GBCI) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 547,315 shares of the company’s stock after buying an additional 15,321 shares during the period. Principal Financial Group Inc. owned approximately 0.72% of Glacier Bancorp worth $14,548,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in shares of Glacier Bancorp during the second quarter worth approximately $117,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Glacier Bancorp during the second quarter worth approximately $120,000. Strs Ohio boosted its position in shares of Glacier Bancorp by 20.5% in the second quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the last quarter. Gray Financial Group GA ADV ADV bought a new stake in Glacier Bancorp during the second quarter worth $193,000. Finally, BlackRock Inc. increased its stake in Glacier Bancorp by 52.3% in the first quarter. BlackRock Inc. now owns 8,203 shares of the company’s stock worth $208,000 after buying an additional 2,816 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.
Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) traded down 0.60% during mid-day trading on Friday, reaching $28.37. The company’s stock had a trading volume of 339,043 shares. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 18.22 and a beta of 1.47. The company’s 50-day moving average is $28.94 and its 200 day moving average is $27.07. Glacier Bancorp Inc. has a 12 month low of $21.90 and a 12 month high of $30.12.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results 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%. On average, equities analysts anticipate that Glacier Bancorp Inc. will post $1.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Tuesday, October 11th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.82%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 51.28%.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday. FIG Partners downgraded Glacier Bancorp from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Glacier Bancorp has a consensus rating of “Hold” and a consensus price target of $27.25.
Glacier Bancorp Company Profile