Metropolitan Life Insurance Co. NY grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 359.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,593 shares of the bank’s stock after buying an additional 21,590 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Glacier Bancorp were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of GBCI. Edge Capital Group LLC bought a new position in shares of Glacier Bancorp during the 4th quarter worth $217,000. Paloma Partners Management Co purchased a new position in Glacier Bancorp in the fourth quarter valued at about $607,000. Suntrust Banks Inc. raised its position in Glacier Bancorp by 4.0% in the fourth quarter. Suntrust Banks Inc. now owns 54,248 shares of the bank’s stock valued at $2,149,000 after purchasing an additional 2,071 shares during the period. Principal Financial Group Inc. raised its position in Glacier Bancorp by 0.4% in the fourth quarter. Principal Financial Group Inc. now owns 693,697 shares of the bank’s stock valued at $27,484,000 after purchasing an additional 2,697 shares during the period. Finally, Brinker Capital Inc. raised its position in Glacier Bancorp by 6.1% in the fourth quarter. Brinker Capital Inc. now owns 18,985 shares of the bank’s stock valued at $752,000 after purchasing an additional 1,085 shares during the period. 80.33% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:GBCI traded down $0.69 during mid-day trading on Friday, reaching $41.75. The stock had a trading volume of 269,803 shares, compared to its average volume of 282,808. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.71 and a beta of 1.23. Glacier Bancorp, Inc. has a 1-year low of $35.77 and a 1-year high of $47.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.85 and a current ratio of 0.85.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, April 9th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.04 dividend on an annualized basis and a yield of 2.49%. Glacier Bancorp’s dividend payout ratio (DPR) is 47.93%.
A number of analysts have recently issued reports on the company. BidaskClub raised Glacier Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Zacks Investment Research lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. Finally, Stephens assumed coverage on Glacier Bancorp in a research report on Monday, January 14th. They set an “equal weight” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $43.00.
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About Glacier Bancorp
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 non-interest bearing deposit and interest bearing deposit accounts, such as 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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