Mutual of America Capital Management LLC Reduces Stake in Glacier Bancorp by 50.7% in Q1
August 9, 2023
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Glacier Bancorp ($NYSE:GBCI), Inc. is a bank holding company that operates through its banking subsidiaries. It is headquartered in Kalispell, Montana and provides services including commercial banking, retail banking, mortgage lending, financial services, and investment services. This suggests that Mutual of America Capital Management may have divested some of its holdings and reallocated its assets.
This decrease in ownership of Glacier Bancorp’s stock seems to have been the result of divestment rather than a decline in value. Glacier Bancorp remains a popular investment option for many investors, especially those looking for a safe and secure long-term investment.
Analysis
At GoodWhale, we believe in analyzing a company’s fundamentals before investing. That’s why we took a look at Glacier Bancorp to determine if it would be a good investment. After running our Star Chart, we concluded that Glacier Bancorp is strong in growth, assets, dividends, and medium in profitability. We also gave the company an overall health score of 8/10. This means that the company has strong cash flows and low debt and is capable of safely handling any crisis without risking bankruptcy. Based on our data, we classify Glacier Bancorp as a “rhino” type of company. This type of company has achieved moderate revenue or earnings growth and is likely to keep doing so at a steady pace. Investors looking for reliable and steady growth in their portfolios may find this company attractive. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Glacier Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 275.18 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Glacier Bancorp. More…
| Operations | Investing | Financing |
| 470.66 | -1.35k | 845.43 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Glacier Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 27.53k | 24.6k | – |
Key Ratios Snapshot
Some of the financial key ratios for Glacier Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
The competition between Glacier Bancorp Inc and its competitors is fierce. Each company is vying for a share of the market, and each is trying to offer the best products and services to its customers. The competition is good for the consumer, as it drives down prices and forces the companies to be innovative.
– PacWest Bancorp ($NASDAQ:PACW)
As of 2022, PacWest Bancorp has a market cap of 2.7B. The company is a bank holding company that operates through its subsidiary, PacWest Bank. PacWest Bank provides a variety of banking products and services to small and medium-sized businesses, professionals, and individuals in California, Oregon, and Washington.
– Independent Bank Corp ($NASDAQ:INDB)
The company’s market cap is $3.69 billion as of 2022. The company is a regional bank holding company headquartered in Independent Bank’s home state of Michigan. Independent Bank Corporation operates a diversified financial services company providing banking and related financial services to businesses, families, and individuals in their markets. Through its subsidiaries, the Company operates approximately 150 banking offices in over 75 counties in Michigan, Ohio, and Indiana.
– Home BancShares Inc ($NYSE:HOMB)
Home BancShares is a bank holding company based in Conway, Arkansas. The company operates through its subsidiary, Centennial Bank. Home BancShares was founded in 1998 and has grown to become one of the largest banks in Arkansas with over $4.8 billion in assets. The company offers a full range of banking services to both individuals and businesses, including deposit accounts, loans, and credit cards. Home BancShares is publicly traded on the Nasdaq Stock Market under the ticker symbol HOMB.
Summary
Investing analysis in Glacier Bancorp, Inc. has been mixed. This may be indicative of a bearish outlook on the stock. However, analysts have given the stock a consensus rating of ‘Buy’ based on eight recent ratings. Investors should take a look at the company’s financials to determine if this is a good investment option.
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