Retirement Systems of Alabama Raises Holdings in Glacier Bancorp, Inc. $GBCI

Retirement Systems of Alabama boosted its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,392 shares of the company’s stock after buying an additional 11,057 shares during the period. Retirement Systems of Alabama owned 0.12% of Glacier Bancorp worth $6,801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of GBCI. Farther Finance Advisors LLC raised its position in shares of Glacier Bancorp by 20.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $78,000 after acquiring an additional 273 shares in the last quarter. M&T Bank Corp boosted its position in Glacier Bancorp by 0.4% during the second quarter. M&T Bank Corp now owns 69,744 shares of the company’s stock valued at $3,004,000 after purchasing an additional 307 shares in the last quarter. Inspire Investing LLC grew its stake in Glacier Bancorp by 4.0% in the third quarter. Inspire Investing LLC now owns 9,360 shares of the company’s stock valued at $456,000 after purchasing an additional 357 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Glacier Bancorp by 1.9% in the second quarter. EP Wealth Advisors LLC now owns 21,642 shares of the company’s stock valued at $932,000 after purchasing an additional 394 shares during the last quarter. Finally, First American Bank raised its holdings in Glacier Bancorp by 1.1% in the third quarter. First American Bank now owns 37,246 shares of the company’s stock worth $1,813,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of NYSE GBCI opened at $45.50 on Friday. Glacier Bancorp, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $53.99. The company has a market cap of $5.92 billion, a PE ratio of 22.86 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.83. The business has a 50-day simple moving average of $47.33 and a two-hundred day simple moving average of $45.84.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.13). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. During the same quarter last year, the company posted $0.54 EPS.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. Glacier Bancorp’s dividend payout ratio is presently 66.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on GBCI shares. Brean Capital cut shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Glacier Bancorp in a research note on Monday, December 29th. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th. Janney Montgomery Scott began coverage on shares of Glacier Bancorp in a research note on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Stephens set a $58.00 price target on shares of Glacier Bancorp in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.67.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.