Ceredex Value Advisors LLC Buys 13,000 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Ceredex Value Advisors LLC raised its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 321,500 shares of the bank's stock after buying an additional 13,000 shares during the period. Ceredex Value Advisors LLC owned 0.28% of Glacier Bancorp worth $14,693,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in Glacier Bancorp during the first quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in Glacier Bancorp during the second quarter valued at approximately $25,000. Headlands Technologies LLC bought a new stake in Glacier Bancorp during the 1st quarter worth approximately $50,000. GAMMA Investing LLC increased its holdings in Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank's stock worth $59,000 after acquiring an additional 772 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Glacier Bancorp during the 2nd quarter worth approximately $207,000. Institutional investors own 80.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GBCI. Raymond James upped their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Truist Financial increased their price target on shares of 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 increased 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. One investment 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 stock has an average rating of "Hold" and a consensus target price of $46.20.

Glacier Bancorp Trading Down 0.9 %

Shares of GBCI stock traded down $0.47 on Friday, hitting $51.68. 732,092 shares of the company's stock traded hands, compared to its average volume of 644,916. 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, Inc. has a one year low of $30.18 and a one year high of $53.93. The company's fifty day simple moving average is $46.45 and its 200 day simple moving average is $41.68. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 31.90 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The business had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same quarter last year, the firm earned $0.47 EPS. Equities analysts forecast that Glacier Bancorp, Inc. will post 1.65 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 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.