Intech Investment Management LLC grew its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 349.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,931 shares of the bank's stock after buying an additional 19,380 shares during the period. Intech Investment Management LLC's holdings in Glacier Bancorp were worth $1,139,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in GBCI. Dimensional Fund Advisors LP boosted its holdings in shares of Glacier Bancorp by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,611,345 shares of the bank's stock worth $97,450,000 after buying an additional 103,374 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Glacier Bancorp by 19.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock valued at $77,435,000 after purchasing an additional 280,255 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Glacier Bancorp by 0.4% during the third quarter. Victory Capital Management Inc. now owns 1,534,667 shares of the bank's stock valued at $70,134,000 after purchasing an additional 6,394 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Glacier Bancorp by 9.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,125,955 shares of the bank's stock worth $42,021,000 after purchasing an additional 99,811 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Glacier Bancorp by 34.6% in the first quarter. Westwood Holdings Group Inc. now owns 485,574 shares of the bank's stock worth $19,559,000 after buying an additional 124,891 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.
Glacier Bancorp Stock Performance
GBCI traded up $0.04 during midday trading on Thursday, hitting $58.42. 436,977 shares of the company were exchanged, compared to its average volume of 646,058. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 36.06 and a beta of 0.77. The company's 50 day simple moving average is $50.58 and its 200 day simple moving average is $44.08. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. Glacier Bancorp, Inc. has a 1-year low of $32.00 and a 1-year high of $60.67.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS 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 for the quarter, compared to analysts' expectations of $212.57 million. During the same quarter last year, the company earned $0.47 EPS. As a group, sell-side analysts predict that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current year.
Glacier Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Glacier Bancorp's payout ratio is 81.48%.
Analysts Set New Price Targets
A number of research firms have issued reports on GBCI. Piper Sandler lifted their price objective on Glacier Bancorp from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, October 28th. Raymond James increased their price target 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. Finally, Truist Financial increased their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $46.20.
View Our Latest Research Report on Glacier Bancorp
Glacier Bancorp Company Profile
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Free Report)
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.
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