MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $3 Million Stock Position in Glacier Bancorp, Inc. $GBCI

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,839 shares of the bank’s stock after buying an additional 2,964 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Glacier Bancorp worth $3,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $33,000. JNBA Financial Advisors acquired a new stake in shares of Glacier Bancorp during the first quarter worth approximately $35,000. UMB Bank n.a. boosted its holdings in shares of Glacier Bancorp by 114.9% during the first quarter. UMB Bank n.a. now owns 838 shares of the bank’s stock worth $37,000 after purchasing an additional 448 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Glacier Bancorp by 252.1% during the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank’s stock worth $62,000 after purchasing an additional 1,001 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Glacier Bancorp during the first quarter worth approximately $121,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Glacier Bancorp

In other news, insider Lee Kenneth Groom sold 800 shares of Glacier Bancorp stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $44.24, for a total value of $35,392.00. Following the transaction, the insider owned 11,918 shares of the company’s stock, valued at $527,252.32. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

GBCI has been the subject of several research reports. DA Davidson restated a “buy” rating and set a $50.00 price target on shares of Glacier Bancorp in a report on Wednesday, June 25th. Keefe, Bruyette & Woods raised their price target on shares of Glacier Bancorp from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Raymond James Financial restated an “outperform” rating and set a $48.00 price target (up from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th. Janney Montgomery Scott upgraded shares of Glacier Bancorp from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a report on Thursday, June 5th. Finally, Piper Sandler raised their price target on shares of Glacier Bancorp from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.50.

Glacier Bancorp Price Performance

NASDAQ GBCI opened at $48.95 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.80 billion, a PE ratio of 29.31 and a beta of 0.82. The company has a 50 day moving average price of $46.45 and a two-hundred day moving average price of $43.95. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, equities analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Tuesday, July 8th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 68.75%.

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.