RE Advisers Corp Has $43686000 Position in Glacier Bancorp, Inc. (GBCI)

Claudine Rigal
Août 20, 2017

RE Advisers Corp owned approximately 1.56% of Glacier Bancorp worth $43,686,000 at the end of the most recent quarter. BlackRock Inc. increased its stake in shares of Glacier Bancorp by 50,940.2% in the first quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at $273,000. LS Investment Advisors LLC now owns 2,864 shares of the bank's stock valued at $105,000 after buying an additional 134 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Glacier Bancorp by 39.9% in the second quarter. Norges Bank acquired a new position in Glacier Bancorp during the fourth quarter valued at $20,198,000. As of quarter end Tower Research Capital LLC (trc) had bought 1,590 shares growing its position 300.6%.

Large investors have recently modified their holdings of the stock. The company's stock had a trading volume of 474,202 shares.

Company chares are trading at $32.89 which is much lower than $35.33, the stock's 50 day moving average and which is significantly below the 200 day moving average of $34.84. The stock has a market cap of $2.57 billion, a P/E ratio of 19.99 and a beta of 1.44.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.01. The firm had revenue of $113.91 million for the quarter, compared to the consensus estimate of $115.60 million. Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. Next quarter's EPS is forecasted to be $0.47 with next year's EPS anticipated to be $2.07. As of the last earnings report the EPS was $1.65 and is expected to be $1.78 for the current year with 78,001,000 shares now outstanding. Additionally the company recently declared a dividend paid on Friday the 21st of July 2017. Shareholders of record on Wednesday, July 12th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday the 7th of April 2017. Glacier Bancorp's payout ratio is 50.91%.

There has been some buying and selling insider activity on Old Second Bancorp, Inc. "(GBCI)" was first posted by Week Herald and is the sole property of of Week Herald.

Several other equities analysts have also weighed in on the company. Piper Jaffray Companies set a $38.00 price objective on Glacier Bancorp and gave the stock a "hold" rating in a research report on Saturday, July 29th. BidaskClub upgraded shares of Glacier Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday, June 13th. The shares were sold at an average price of $36.65, for a total transaction of $91,625.00.

The company is trading unchanged since yesterday's close of $32.89.

Old Second Bancorp, Inc., launched on September 18, 1981, is a bank holding company. The Bank's full service banking businesses include the customary consumer and commercial products and services that banking institutions provide, including demand, negotiable order of withdrawal (NOW), money market, savings, time deposit and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit and overdraft checking; safe deposit operations; trust services; wealth management services, and a range of additional services tailored to the needs of individual customers, such as the acquisition of the United States Treasury notes and bonds, money orders, cashiers' checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards and other special services. As of December 31, 2016, it provided banking services from 142 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank).

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