Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Acquired by Royce & Associates LP

Royce & Associates LP boosted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 25.5% during the 3rd quarter, Holdings Channel reports. The fund owned 122,757 shares of the bank’s stock after acquiring an additional 24,915 shares during the quarter. Royce & Associates LP’s holdings in Glacier Bancorp were worth $5,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Glacier Bancorp in the 3rd quarter worth approximately $252,000. Victory Capital Management Inc. raised its holdings in Glacier Bancorp by 0.4% during the third quarter. Victory Capital Management Inc. now owns 1,534,667 shares of the bank’s stock worth $70,134,000 after purchasing an additional 6,394 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the period. Stockman Wealth Management Inc. boosted its stake in Glacier Bancorp by 61.6% during the 3rd quarter. Stockman Wealth Management Inc. now owns 9,742 shares of the bank’s stock valued at $445,000 after purchasing an additional 3,714 shares in the last quarter. Finally, Atria Investments Inc increased its position in shares of Glacier Bancorp by 17.8% during the 3rd quarter. Atria Investments Inc now owns 14,643 shares of the bank’s stock valued at $669,000 after purchasing an additional 2,214 shares during the period. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Glacier Bancorp Trading Up 0.3 %

Shares of NASDAQ GBCI opened at $56.43 on Tuesday. The business has a fifty day simple moving average of $48.67 and a 200-day simple moving average of $43.18. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 34.83 and a beta of 0.77. Glacier Bancorp, Inc. has a 12 month low of $32.00 and a 12 month high of $59.19. 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 (NASDAQ:GBCI) last announced its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $324.28 million during the quarter, compared to analysts’ expectations of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same period last year, the company posted $0.47 earnings per share. Sell-side analysts predict that Glacier Bancorp, Inc. will post 1.67 EPS for the current year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio is 81.48%.

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.