Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 20.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,042 shares of the bank’s stock after purchasing an additional 526 shares during the period. GAMMA Investing LLC’s holdings in Glacier Bancorp were worth $153,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GBCI. Thrivent Financial for Lutherans boosted its position in Glacier Bancorp by 19.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock valued at $77,435,000 after buying an additional 280,255 shares during the last quarter. Millennium Management LLC lifted its stake in Glacier Bancorp by 131.9% during the 2nd quarter. Millennium Management LLC now owns 477,154 shares of the bank’s stock valued at $17,807,000 after acquiring an additional 271,398 shares during the period. Sei Investments Co. lifted its stake in Glacier Bancorp by 123.9% during the 2nd quarter. Sei Investments Co. now owns 332,062 shares of the bank’s stock valued at $12,393,000 after acquiring an additional 183,757 shares during the period. Pier Capital LLC purchased a new stake in shares of Glacier Bancorp in the 3rd quarter valued at $7,443,000. Finally, Clifford Capital Partners LLC increased its stake in shares of Glacier Bancorp by 40.9% in the second quarter. Clifford Capital Partners LLC now owns 422,951 shares of the bank’s stock worth $15,785,000 after acquiring an additional 122,842 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Price Performance

NASDAQ:GBCI opened at $49.12 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. The stock’s 50-day moving average price is $54.25 and its 200-day moving average price is $47.45. The stock has a market capitalization of $5.57 billion, a PE ratio of 30.32 and a beta of 0.79.

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

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.69%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GBCI. Keefe, Bruyette & Woods boosted their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Raymond James boosted their price objective on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial raised their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Piper Sandler boosted their price target on Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $48.83.

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.