Mason Street Advisors LLC Grows Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

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Mason Street Advisors LLC lifted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 29,087 shares of the bank’s stock after buying an additional 851 shares during the quarter. Mason Street Advisors LLC’s holdings in Glacier Bancorp were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in GBCI. First Trust Advisors LP raised its stake in shares of Glacier Bancorp by 24.1% during the first quarter. First Trust Advisors LP now owns 143,721 shares of the bank’s stock worth $5,759,000 after purchasing an additional 27,945 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Glacier Bancorp by 4.7% in the second quarter. Crossmark Global Holdings Inc. now owns 9,180 shares of the bank’s stock worth $372,000 after acquiring an additional 411 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Glacier Bancorp in the second quarter worth $272,000. Oregon Public Employees Retirement Fund raised its position in Glacier Bancorp by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 33,335 shares of the bank’s stock worth $1,352,000 after acquiring an additional 600 shares in the last quarter. Finally, Allied Investment Advisors LLC raised its position in Glacier Bancorp by 5.4% in the second quarter. Allied Investment Advisors LLC now owns 9,774 shares of the bank’s stock worth $396,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 72.85% of the company’s stock.

Shares of GBCI stock opened at $43.46 on Monday. Glacier Bancorp, Inc. has a fifty-two week low of $36.84 and a fifty-two week high of $47.67. The stock has a market cap of $4.02 billion, a P/E ratio of 20.03 and a beta of 1.16. The business has a fifty day simple moving average of $41.82 and a 200-day simple moving average of $40.69. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.08.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.02). Glacier Bancorp had a net margin of 30.85% and a return on equity of 12.65%. The firm had revenue of $174.50 million during the quarter, compared to analysts’ expectations of $157.11 million. On average, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 2.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, December 9th. Glacier Bancorp’s payout ratio is currently 53.46%.

Several research firms have issued reports on GBCI. Stephens set a $40.00 price objective on Glacier Bancorp and gave the stock a “hold” rating in a research report on Thursday, October 17th. BidaskClub cut Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine cut Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Zacks Investment Research cut Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, SunTrust Banks cut their price objective on Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.67.

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 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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Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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