UMB Bank n.a. Has $37,000 Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

UMB Bank n.a. lifted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 114.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 838 shares of the bank’s stock after acquiring an additional 448 shares during the period. UMB Bank n.a.’s holdings in Glacier Bancorp were worth $37,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wood Tarver Financial Group LLC acquired a new stake in Glacier Bancorp during the fourth quarter worth $33,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter valued at $63,000. Bridge Generations Wealth Management LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter valued at $70,000. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after buying an additional 431 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Glacier Bancorp in the fourth quarter valued at about $146,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of GBCI opened at $41.06 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $41.34 and a 200 day simple moving average of $46.40. Glacier Bancorp, Inc. has a 52-week low of $34.71 and a 52-week high of $60.67. The firm has a market capitalization of $4.66 billion, a PE ratio of 24.59 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period last year, the firm posted $0.29 earnings per share. Sell-side analysts predict that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.22%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 70.97%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GBCI shares. Keefe, Bruyette & Woods cut their price target on Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Monday, April 28th. Janney Montgomery Scott raised Glacier Bancorp from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Thursday, June 5th. Raymond James set a $45.00 price objective on Glacier Bancorp in a report on Monday, April 28th. Finally, Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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.