UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 13,876 Shares of Glacier Bancorp, Inc. $GBCI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 4.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 303,521 shares of the company’s stock after selling 13,876 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Glacier Bancorp worth $15,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Glacier Bancorp by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock worth $146,736,000 after purchasing an additional 237,316 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Glacier Bancorp by 881.8% in the 4th quarter. Hsbc Holdings PLC now owns 43,453 shares of the company’s stock worth $1,919,000 after purchasing an additional 39,027 shares in the last quarter. NFJ Investment Group LLC purchased a new position in Glacier Bancorp during the 2nd quarter worth $40,129,000. Fifth Third Bancorp increased its position in Glacier Bancorp by 2,984.7% during the 1st quarter. Fifth Third Bancorp now owns 39,978 shares of the company’s stock valued at $1,786,000 after buying an additional 38,682 shares in the last quarter. Finally, Idaho Trust Co acquired a new position in Glacier Bancorp during the 2nd quarter valued at about $14,336,000. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

Shares of GBCI opened at $46.86 on Friday. The business’s 50-day moving average is $49.74 and its two-hundred day moving average is $48.11. The company has a market capitalization of $6.10 billion, a P/E ratio of 19.20 and a beta of 0.72. Glacier Bancorp, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $54.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84.

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

Glacier Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity

In other Glacier Bancorp news, Chairman Craig Langel purchased 2,250 shares of the business’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 purchase, the chairman directly owned 98,684 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by insiders.

About Glacier Bancorp

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.