OneDigital Investment Advisors LLC Makes New $252,000 Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

OneDigital Investment Advisors LLC purchased a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,514 shares of the bank’s stock, valued at approximately $252,000.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Glacier Bancorp in the 2nd quarter worth $25,000. GAMMA Investing LLC increased its position in shares of Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after purchasing an additional 772 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Glacier Bancorp during the 2nd quarter worth about $207,000. Finally, Kahn Brothers Group Inc. bought a new position in shares of Glacier Bancorp during the first quarter valued at approximately $252,000. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

NASDAQ:GBCI opened at $58.33 on Friday. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 36.01 and a beta of 0.77. Glacier Bancorp, Inc. has a one year low of $32.00 and a one year high of $59.19. The firm’s fifty day moving average is $49.78 and its two-hundred day moving average is $43.63. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Research analysts expect that Glacier Bancorp, Inc. will post 1.7 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio is presently 81.48%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GBCI. Raymond James lifted their price objective on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial boosted their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Piper Sandler boosted their price target on Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.20.

About Glacier Bancorp

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.