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

Royce & Associates LP grew its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 25.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 122,757 shares of the bank's stock after buying an additional 24,915 shares during the quarter. Royce & Associates LP owned 0.11% of Glacier Bancorp worth $5,610,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its stake in shares of Glacier Bancorp by 2.6% in the second quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank's stock valued at $632,000 after buying an additional 427 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Glacier Bancorp by 6.7% in the second quarter. Inspire Investing LLC now owns 9,472 shares of the bank's stock valued at $353,000 after buying an additional 593 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Glacier Bancorp by 7.6% in the second quarter. Hsbc Holdings PLC now owns 8,498 shares of the bank's stock valued at $317,000 after buying an additional 600 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Glacier Bancorp in the first quarter valued at approximately $25,000. Finally, Allied Investment Advisors LLC boosted its stake in shares of Glacier Bancorp by 4.5% in the third quarter. Allied Investment Advisors LLC now owns 14,831 shares of the bank's stock valued at $678,000 after buying an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler boosted their target price on Glacier Bancorp from $42.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. Truist Financial boosted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, Raymond James boosted their target price on Glacier Bancorp from $45.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $46.20.

Glacier Bancorp Price Performance

Shares of NASDAQ:GBCI traded down $0.64 on Tuesday, hitting $55.85. The company had a trading volume of 431,999 shares, compared to its average volume of 648,471. 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 52-week low of $32.00 and a 52-week high of $59.19. The business has a 50 day moving average of $48.94 and a 200 day moving average of $43.31. The company has a market cap of $6.33 billion, a PE ratio of 34.48 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $324.28 million during the quarter, compared to analyst estimates 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 prior year, the firm posted $0.47 earnings per share. As a group, equities analysts anticipate that Glacier Bancorp, Inc. will post 1.67 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

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