Capital Research Global Investors Has $245.86 Million Stock Holdings in Glacier Bancorp, Inc. $GBCI

Capital Research Global Investors lessened its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,581,288 shares of the company’s stock after selling 545,112 shares during the period. Capital Research Global Investors owned approximately 4.30% of Glacier Bancorp worth $245,856,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. acquired a new position in Glacier Bancorp in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC raised its position in Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Global Retirement Partners LLC raised its position in Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after purchasing an additional 223 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Glacier Bancorp in the third quarter worth about $40,000. Finally, CIBC Private Wealth Group LLC raised its position in Glacier Bancorp by 1,176.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock worth $62,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

GBCI opened at $47.16 on Monday. Glacier Bancorp, Inc. has a one year low of $39.90 and a one year high of $53.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The company’s 50 day simple moving average is $47.37 and its 200-day simple moving average is $46.61. The stock has a market capitalization of $6.14 billion, a P/E ratio of 22.04 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The business had revenue of $309.61 million for the quarter. During the same period last year, the company earned $0.48 earnings per share. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is 61.68%.

Analyst Ratings Changes

Several research analysts recently issued reports on GBCI shares. Janney Montgomery Scott started coverage on shares of Glacier Bancorp in a research report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price target for the company. Piper Sandler increased their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Stephens raised their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Brean Capital lowered shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.17.

About Glacier Bancorp

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.