Glacier Bancorp, Inc. (NASDAQ:GBCI) Stake Boosted by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 51.9% during the 4th quarter, HoldingsChannel reports. The fund owned 3,727 shares of the bank’s stock after acquiring an additional 1,274 shares during the period. Signaturefd LLC’s holdings in Glacier Bancorp were worth $154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GBCI. Cooke & Bieler LP grew its holdings in shares of Glacier Bancorp by 34.0% during the 4th quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank’s stock valued at $133,847,000 after acquiring an additional 821,199 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Glacier Bancorp by 361.0% in the third quarter. Envestnet Asset Management Inc. now owns 902,610 shares of the bank’s stock worth $25,724,000 after purchasing an additional 706,833 shares in the last quarter. FMR LLC boosted its holdings in Glacier Bancorp by 50.1% in the third quarter. FMR LLC now owns 1,360,803 shares of the bank’s stock worth $38,783,000 after purchasing an additional 454,289 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Glacier Bancorp by 30.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,024,466 shares of the bank’s stock worth $29,197,000 after purchasing an additional 239,168 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Glacier Bancorp by 12.1% in the third quarter. Victory Capital Management Inc. now owns 1,310,453 shares of the bank’s stock worth $37,348,000 after purchasing an additional 141,127 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Down 0.7 %

GBCI stock opened at $37.12 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.79 and a quick ratio of 0.79. Glacier Bancorp, Inc. has a 52-week low of $26.77 and a 52-week high of $44.06. The company has a 50-day moving average of $37.88 and a two-hundred day moving average of $36.97. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 21.21 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The firm had revenue of $196.47 million for the quarter, compared to the consensus estimate of $202.66 million. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. As a group, equities research analysts anticipate that Glacier Bancorp, Inc. will post 1.68 EPS for the current year.

Glacier Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.56%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, April 8th. Glacier Bancorp’s dividend payout ratio is 75.43%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GBCI. Stephens decreased their price objective on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, April 23rd. Truist Financial decreased their price objective on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a report on Monday, April 22nd. Raymond James upped their price objective on shares of Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a report on Tuesday, March 19th. Finally, DA Davidson decreased their price objective on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.40.

Glacier Bancorp Company Profile

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.