Private Advisor Group LLC Reduces Holdings in Glacier Bancorp, Inc. (GBCI)

Private Advisor Group LLC cut its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 35.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,092 shares of the bank’s stock after selling 6,639 shares during the quarter. Private Advisor Group LLC’s holdings in Glacier Bancorp were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in Glacier Bancorp by 32.5% in the second quarter. PNC Financial Services Group Inc. now owns 4,894 shares of the bank’s stock valued at $190,000 after purchasing an additional 1,200 shares during the last quarter. First Midwest Bank Trust Division raised its position in shares of Glacier Bancorp by 12.5% during the second quarter. First Midwest Bank Trust Division now owns 11,100 shares of the bank’s stock worth $429,000 after acquiring an additional 1,231 shares during the last quarter. Amalgamated Bank raised its position in shares of Glacier Bancorp by 12.7% during the second quarter. Amalgamated Bank now owns 12,588 shares of the bank’s stock worth $487,000 after acquiring an additional 1,423 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Glacier Bancorp by 6.0% during the third quarter. State of Alaska Department of Revenue now owns 27,527 shares of the bank’s stock worth $1,186,000 after acquiring an additional 1,555 shares during the last quarter. Finally, Piedmont Investment Advisors LLC raised its position in shares of Glacier Bancorp by 9.7% during the second quarter. Piedmont Investment Advisors LLC now owns 18,607 shares of the bank’s stock worth $720,000 after acquiring an additional 1,642 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 14th. ValuEngine upgraded Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, Zacks Investment Research upgraded Glacier Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, September 19th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $42.83.

Shares of GBCI opened at $45.90 on Friday. Glacier Bancorp, Inc. has a 1 year low of $35.77 and a 1 year high of $46.44. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.84 billion, a PE ratio of 26.23, a P/E/G ratio of 2.08 and a beta of 1.25.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, October 18th. The bank reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). Glacier Bancorp had a return on equity of 11.96% and a net margin of 26.36%. The company had revenue of $146.16 million for the quarter, compared to the consensus estimate of $144.01 million. On average, research analysts anticipate that Glacier Bancorp, Inc. will post 2.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Tuesday, December 11th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, December 10th. This represents a $1.04 annualized dividend and a yield of 2.27%. Glacier Bancorp’s dividend payout ratio is currently 59.43%.

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Glacier Bancorp Company 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 deposit products, including non-interest bearing deposits, interest bearing 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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Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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