Hsbc Holdings PLC raised its holdings in Glacier Bancorp, Inc. (NYSE:GBCI – Free Report) by 881.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,453 shares of the company’s stock after acquiring an additional 39,027 shares during the quarter. Hsbc Holdings PLC’s holdings in Glacier Bancorp were worth $1,919,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at $67,582,000. Vanguard Group Inc. boosted its position in shares of Glacier Bancorp by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock worth $588,471,000 after purchasing an additional 870,335 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Glacier Bancorp during the second quarter worth $24,362,000. State Street Corp grew its stake in shares of Glacier Bancorp by 9.9% during the fourth quarter. State Street Corp now owns 6,178,363 shares of the company’s stock worth $272,157,000 after purchasing an additional 557,873 shares during the period. Finally, Jain Global LLC increased its holdings in Glacier Bancorp by 289.5% in the fourth quarter. Jain Global LLC now owns 750,098 shares of the company’s stock valued at $33,042,000 after purchasing an additional 557,529 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.
Glacier Bancorp Price Performance
GBCI opened at $51.84 on Tuesday. The stock has a market cap of $6.75 billion, a P/E ratio of 24.23 and a beta of 0.74. Glacier Bancorp, Inc. has a 12 month low of $39.90 and a 12 month high of $53.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $48.34 and a 200 day simple moving average of $47.41.
Glacier Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.5%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 61.68%.
Analyst Ratings Changes
GBCI has been the topic of several analyst reports. DA Davidson increased their target price on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Stephens upped their price target on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price objective 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. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $55.17.
Read Our Latest Analysis on GBCI
Glacier Bancorp 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.
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