Janus Henderson Group PLC Has $2.67 Million Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Janus Henderson Group PLC raised its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,177 shares of the bank’s stock after purchasing an additional 3,500 shares during the quarter. Janus Henderson Group PLC’s holdings in Glacier Bancorp were worth $2,672,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Capital International Investors boosted its position in Glacier Bancorp by 5.8% during the 4th quarter. Capital International Investors now owns 2,092,571 shares of the bank’s stock worth $105,089,000 after acquiring an additional 115,620 shares during the period. Northern Trust Corp boosted its holdings in shares of Glacier Bancorp by 7.7% during the fourth quarter. Northern Trust Corp now owns 1,763,983 shares of the bank’s stock worth $88,587,000 after purchasing an additional 126,316 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Glacier Bancorp by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock worth $59,988,000 after purchasing an additional 52,566 shares during the period. Norges Bank acquired a new position in Glacier Bancorp in the 4th quarter valued at approximately $56,923,000. Finally, Snyder Capital Management L P lifted its position in Glacier Bancorp by 3.4% in the 4th quarter. Snyder Capital Management L P now owns 1,123,980 shares of the bank’s stock worth $56,446,000 after buying an additional 37,472 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock opened at $42.38 on Wednesday. Glacier Bancorp, Inc. has a 1-year low of $34.48 and a 1-year high of $60.67. The firm has a fifty day simple moving average of $41.97 and a 200-day simple moving average of $48.34. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 25.38 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, sell-side analysts expect that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is currently 70.97%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GBCI shares. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Piper Sandler reduced their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Raymond James set a $45.00 price objective on Glacier Bancorp in a report on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.50.

Glacier Bancorp 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.