Kestra Private Wealth Services LLC Increases Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Kestra Private Wealth Services LLC raised its stake in Glacier Bancorp, Inc. (NASDAQ:GBCIGet Rating) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,475 shares of the bank’s stock after acquiring an additional 801 shares during the period. Kestra Private Wealth Services LLC’s holdings in Glacier Bancorp were worth $225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GBCI. Covestor Ltd bought a new stake in shares of Glacier Bancorp during the fourth quarter valued at approximately $28,000. Byrne Asset Management LLC purchased a new position in shares of Glacier Bancorp in the fourth quarter worth $29,000. GHP Investment Advisors Inc. bought a new position in shares of Glacier Bancorp during the first quarter valued at $70,000. Curi Wealth Management LLC purchased a new stake in shares of Glacier Bancorp during the first quarter valued at $100,000. Finally, Van ECK Associates Corp increased its holdings in Glacier Bancorp by 16.0% in the 1st quarter. Van ECK Associates Corp now owns 2,508 shares of the bank’s stock worth $126,000 after buying an additional 345 shares in the last quarter. 69.88% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Down 1.5 %

GBCI stock opened at $51.54 on Thursday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 20.53 and a beta of 0.81. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.65 and a current ratio of 0.65. The business’s 50-day moving average is $50.87 and its two-hundred day moving average is $49.22. Glacier Bancorp, Inc. has a fifty-two week low of $44.43 and a fifty-two week high of $60.69.

Glacier Bancorp (NASDAQ:GBCIGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $0.69 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.69. Glacier Bancorp had a net margin of 30.72% and a return on equity of 9.50%. The company had revenue of $221.72 million for the quarter, compared to the consensus estimate of $225.85 million. During the same quarter last year, the firm posted $0.81 earnings per share. As a group, analysts forecast that Glacier Bancorp, Inc. will post 2.81 earnings per share for the current year.

Glacier Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Stockholders of record on Tuesday, July 12th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.56%. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, July 11th. Glacier Bancorp’s dividend payout ratio is 51.76%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GBCI. StockNews.com cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, May 28th. Truist Financial increased their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, September 14th.

Glacier Bancorp Company Profile

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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. 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 deposit, 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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