Hsbc Holdings PLC Purchases 39,027 Shares of Glacier Bancorp, Inc. $GBCI

Hsbc Holdings PLC raised its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 881.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,453 shares of the company’s stock after buying an additional 39,027 shares during the period. Hsbc Holdings PLC’s holdings in Glacier Bancorp were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new stake in Glacier Bancorp during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares during the last quarter. Global Retirement Partners LLC raised its position in Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Glacier Bancorp in the fourth quarter worth $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in Glacier Bancorp in the third quarter worth $40,000. Institutional investors own 80.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Piper Sandler raised their target price on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Stephens upped their price target on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. DA Davidson increased their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $55.17.

Glacier Bancorp Stock Down 0.4%

NYSE GBCI opened at $51.84 on Tuesday. The stock has a market capitalization of $6.75 billion, a P/E ratio of 24.23 and a beta of 0.74. Glacier Bancorp, Inc. has a 52 week low of $39.90 and a 52 week high of $53.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a fifty day moving average of $48.34 and a 200-day moving average of $47.41.

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

Glacier Bancorp Announces Dividend

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

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.