LMR Partners LLP Buys Shares of 11,884 Glacier Bancorp, Inc. (NASDAQ:GBCI)

LMR Partners LLP purchased a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,884 shares of the bank's stock, valued at approximately $543,000.

A number of other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its position in Glacier Bancorp by 21.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank's stock worth $3,160,000 after buying an additional 13,655 shares during the period. Bayesian Capital Management LP bought a new stake in Glacier Bancorp during the 1st quarter valued at $477,000. Blue Trust Inc. lifted its holdings in Glacier Bancorp by 20,598.6% in the second quarter. Blue Trust Inc. now owns 14,903 shares of the bank's stock worth $600,000 after purchasing an additional 14,831 shares during the period. Capital Research Global Investors increased its stake in shares of Glacier Bancorp by 60.3% during the first quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank's stock valued at $77,539,000 after acquiring an additional 724,089 shares during the period. Finally, &PARTNERS increased its position in shares of Glacier Bancorp by 134.1% during the 2nd quarter. &PARTNERS now owns 57,563 shares of the bank's stock valued at $2,148,000 after purchasing an additional 32,969 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

NASDAQ:GBCI remained flat at $55.84 during midday trading on Wednesday. 337,640 shares of the company were exchanged, compared to its average volume of 647,089. The firm has a market capitalization of $6.33 billion, a PE ratio of 34.48 and a beta of 0.77. Glacier Bancorp, Inc. has a 1-year low of $32.00 and a 1-year high of $59.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $48.94 and a two-hundred day moving average price of $43.31.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $0.47 EPS. On average, equities research analysts anticipate that Glacier Bancorp, Inc. will post 1.67 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, October 8th. Glacier Bancorp's dividend payout ratio (DPR) is currently 81.48%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Raymond James increased their price objective on Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Piper Sandler raised their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. Finally, Truist Financial upped their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.