UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Glacier Bancorp, Inc. $GBCI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,521 shares of the company’s stock after selling 13,876 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Glacier Bancorp were worth $15,656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Glacier Bancorp in the 2nd quarter valued at $913,766,000. Norges Bank purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth $67,582,000. Bank of America Corp DE purchased a new position in shares of Glacier Bancorp in the second quarter worth about $62,719,000. Madison Asset Management LLC acquired a new position in Glacier Bancorp during the second quarter worth about $59,048,000. Finally, Bank of New York Mellon Corp purchased a new stake in Glacier Bancorp during the 2nd quarter valued at about $55,775,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Insider Buying and Selling at Glacier Bancorp

In related news, Chairman Craig Langel bought 2,250 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of $47.04 per share, for a total transaction of $105,840.00. Following the acquisition, the chairman owned 98,684 shares of the company’s stock, valued at approximately $4,642,095.36. This trade represents a 2.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.48% of the company’s stock.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $46.86 on Friday. The firm has a market cap of $6.10 billion, a PE ratio of 19.20 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Glacier Bancorp, Inc. has a 52 week low of $39.90 and a 52 week high of $54.58. The business’s fifty day simple moving average is $49.74 and its 200-day simple moving average is $48.11.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The firm had revenue of $320.94 million for the quarter. During the same quarter last year, the firm posted $0.57 earnings per share. Equities analysts forecast that Glacier Bancorp, Inc. will post 3.11 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio is currently 54.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. DA Davidson restated a “buy” rating and issued a $58.00 target price on shares of Glacier Bancorp in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.17.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.