Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,944 shares of the bank’s stock after acquiring an additional 3,704 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Glacier Bancorp were worth $931,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Glacier Bancorp by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank’s stock valued at $510,312,000 after purchasing an additional 80,251 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Glacier Bancorp by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,314,970 shares of the bank’s stock valued at $95,661,000 after buying an additional 96,347 shares in the last quarter. Capital Research Global Investors boosted its holdings in Glacier Bancorp by 60.3% in the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after buying an additional 724,089 shares during the last quarter. Capital International Investors increased its stake in Glacier Bancorp by 45.1% during the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock worth $75,326,000 after buying an additional 566,513 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Glacier Bancorp by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,478,811 shares of the bank’s stock valued at $61,104,000 after acquiring an additional 65,372 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Insider Activity

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

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $46.78 on Wednesday. The business’s 50 day moving average price is $42.19 and its 200 day moving average price is $39.18. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 26.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a one year low of $26.83 and a one year high of $47.71.

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

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, July 9th were issued a $0.33 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $1.32 annualized dividend and a yield of 2.82%. Glacier Bancorp’s payout ratio is 75.43%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial lifted their price target on Glacier Bancorp from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $38.00 target price on shares of Glacier Bancorp in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.00.

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.