Homestead Advisers Corp Has $4.84 Million Stake in Glacier Bancorp, Inc. $GBCI

Homestead Advisers Corp decreased its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 6.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 112,416 shares of the bank’s stock after selling 7,500 shares during the period. Homestead Advisers Corp owned about 0.10% of Glacier Bancorp worth $4,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in Glacier Bancorp by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 95,730 shares of the bank’s stock worth $4,124,000 after purchasing an additional 649 shares during the period. State of Michigan Retirement System boosted its stake in Glacier Bancorp by 4.8% in the 2nd quarter. State of Michigan Retirement System now owns 28,436 shares of the bank’s stock worth $1,225,000 after purchasing an additional 1,300 shares during the period. Amalgamated Bank boosted its stake in Glacier Bancorp by 2.5% in the 2nd quarter. Amalgamated Bank now owns 51,887 shares of the bank’s stock worth $2,235,000 after purchasing an additional 1,250 shares during the period. Atria Investments Inc boosted its stake in Glacier Bancorp by 14.0% in the 2nd quarter. Atria Investments Inc now owns 18,833 shares of the bank’s stock worth $811,000 after purchasing an additional 2,306 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Glacier Bancorp by 4.8% during the 2nd quarter. Retirement Systems of Alabama now owns 144,686 shares of the bank’s stock valued at $6,233,000 after buying an additional 6,662 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 0.5%

NASDAQ:GBCI opened at $40.85 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a 52 week low of $36.76 and a 52 week high of $60.67. The stock’s 50 day moving average price is $46.94 and its 200 day moving average price is $44.72. The company has a market capitalization of $4.84 billion, a P/E ratio of 24.46 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.05). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter last year, the business posted $0.46 earnings per share. On average, research analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Tuesday, October 7th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, October 7th. Glacier Bancorp’s payout ratio is presently 64.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Piper Sandler restated a “neutral” rating and set a $50.00 price target on shares of Glacier Bancorp in a report on Monday, October 20th. Keefe, Bruyette & Woods lowered their price target on shares of Glacier Bancorp from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Finally, Raymond James Financial lowered their price target on shares of Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Moderate Buy” and an average price target of $50.40.

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.