Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 16.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,488 shares of the bank’s stock after purchasing an additional 2,615 shares during the period. SG Americas Securities LLC’s holdings in Glacier Bancorp were worth $818,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in Glacier Bancorp in the fourth quarter valued at approximately $56,923,000. Madison Investment Advisors LLC acquired a new position in Glacier Bancorp in the fourth quarter worth $47,770,000. Millennium Management LLC boosted its holdings in Glacier Bancorp by 4,600.1% in the fourth quarter. Millennium Management LLC now owns 936,079 shares of the bank’s stock worth $47,010,000 after purchasing an additional 916,163 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Glacier Bancorp by 76.0% during the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank’s stock valued at $28,192,000 after acquiring an additional 242,414 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at $9,544,000. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of GBCI stock opened at $40.42 on Friday. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 24.20 and a beta of 0.77. Glacier Bancorp, Inc. has a 12 month low of $34.71 and a 12 month high of $60.67. The stock has a 50-day moving average price of $41.39 and a 200 day moving average price of $46.08. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share 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 quarter in the previous year, the firm posted $0.29 EPS. Research analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is currently 70.97%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price objective 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. Raymond James Financial set a $45.00 price objective on shares of Glacier Bancorp in a research note on Monday, April 28th. Finally, Janney Montgomery Scott raised shares of Glacier Bancorp from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Thursday, June 5th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.00.

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.