Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 103.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,195 shares of the bank’s stock after acquiring an additional 9,745 shares during the period. Hsbc Holdings PLC’s holdings in Glacier Bancorp were worth $964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital International Investors raised its holdings in Glacier Bancorp by 5.8% in the fourth quarter. Capital International Investors now owns 2,092,571 shares of the bank’s stock valued at $105,089,000 after acquiring an additional 115,620 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Glacier Bancorp by 4.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock valued at $59,988,000 after purchasing an additional 52,566 shares in the last quarter. Norges Bank purchased a new stake in shares of Glacier Bancorp during the 4th quarter worth $56,923,000. Segall Bryant & Hamill LLC grew its stake in shares of Glacier Bancorp by 1.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank’s stock worth $53,348,000 after purchasing an additional 12,035 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Glacier Bancorp by 19.9% in the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock valued at $49,419,000 after buying an additional 163,061 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI opened at $41.90 on Friday. The stock has a market cap of $4.75 billion, a P/E ratio of 25.09 and a beta of 0.80. Glacier Bancorp, Inc. has a twelve month low of $34.48 and a twelve month high of $60.67. The stock has a 50 day moving average of $42.86 and a two-hundred day moving average of $48.92. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period in the prior year, the business posted $0.29 earnings per share. On average, research analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 70.97%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Raymond James set a $45.00 target price on Glacier Bancorp in a research note on Monday, April 28th. Piper Sandler cut their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $50.50.

Glacier Bancorp Profile

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.