Moors & Cabot Inc. Has $1.06 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Moors & Cabot Inc. lowered its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,511 shares of the bank’s stock after selling 4,651 shares during the quarter. Moors & Cabot Inc.’s holdings in Glacier Bancorp were worth $1,064,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of GBCI. Allspring Global Investments Holdings LLC acquired a new stake in Glacier Bancorp in the 1st quarter valued at $25,000. International Assets Investment Management LLC acquired a new stake in Glacier Bancorp in the 2nd quarter valued at $25,000. Headlands Technologies LLC bought a new position in Glacier Bancorp during the 1st quarter valued at $50,000. GAMMA Investing LLC lifted its stake in Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after acquiring an additional 772 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its stake in Glacier Bancorp by 66,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,972 shares of the bank’s stock valued at $164,000 after acquiring an additional 3,966 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 1.9 %

NASDAQ GBCI opened at $45.75 on Thursday. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 26.14 and a beta of 0.80. Glacier Bancorp, Inc. has a one year low of $26.83 and a one year high of $47.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.81 and a quick ratio of 0.81. The business’s fifty day moving average is $43.77 and its 200-day moving average is $39.71.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $306.04 million for the quarter, compared to analysts’ expectations of $204.43 million. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. During the same period in the previous year, the business posted $0.50 EPS. Equities research analysts predict that Glacier Bancorp, Inc. will post 1.62 EPS for the current year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.89%. The ex-dividend date was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 75.43%.

Analyst Upgrades and Downgrades

GBCI has been the topic of several recent analyst reports. Truist Financial raised their price objective on Glacier Bancorp from $38.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. StockNews.com upgraded Glacier Bancorp to a “sell” rating in a research note on Thursday, June 6th. Finally, Piper Sandler restated a “neutral” rating and set a $38.00 price objective on shares of Glacier Bancorp in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and an average target price of $43.00.

Insider Buying and Selling

In related news, CAO Don J. Chery sold 1,000 shares of Glacier Bancorp stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $45.49, for a total value of $45,490.00. Following the completion of the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Glacier Bancorp news, Director Annie M. Goodwin sold 5,619 shares of Glacier Bancorp stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the transaction, the director now owns 9,402 shares of the company’s stock, valued at approximately $418,859.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Don J. Chery sold 1,000 shares of Glacier Bancorp stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $45.49, for a total value of $45,490.00. Following the transaction, the chief accounting officer now directly owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.