Glacier Bancorp, Inc. $GBCI Stock Position Boosted by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. boosted its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,885,725 shares of the company’s stock after acquiring an additional 223,318 shares during the quarter. Glacier Bancorp accounts for 1.6% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 4th biggest position. Deprince Race & Zollo Inc. owned 1.45% of Glacier Bancorp worth $84,235,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GBCI. Vanguard Group Inc. raised its holdings in shares of Glacier Bancorp by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock valued at $588,471,000 after buying an additional 870,335 shares during the period. State Street Corp boosted its holdings in Glacier Bancorp by 9.9% in the 4th quarter. State Street Corp now owns 6,178,363 shares of the company’s stock worth $272,157,000 after acquiring an additional 557,873 shares during the period. Geode Capital Management LLC grew its position in Glacier Bancorp by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock valued at $146,736,000 after acquiring an additional 237,316 shares in the last quarter. Cooke & Bieler LP grew its position in Glacier Bancorp by 5.3% in the fourth quarter. Cooke & Bieler LP now owns 3,049,334 shares of the company’s stock valued at $134,323,000 after acquiring an additional 154,595 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Glacier Bancorp by 16.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,845,069 shares of the company’s stock valued at $125,328,000 after purchasing an additional 402,939 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on GBCI. Piper Sandler lifted their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Stephens upped their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Finally, DA Davidson lifted their target price on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.17.

Glacier Bancorp Trading Up 2.3%

Shares of NYSE GBCI opened at $52.77 on Thursday. The stock’s 50 day moving average price is $48.46 and its two-hundred day moving average price is $47.52. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $53.99. The stock has a market capitalization of $6.87 billion, a P/E ratio of 24.66 and a beta of 0.72. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $309.61 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period in the prior year, the firm earned $0.48 EPS. On average, analysts anticipate that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, July 7th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.5%. Glacier Bancorp’s dividend payout ratio is 61.68%.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.