Gallagher Fiduciary Advisors LLC Purchases New Position in Glacier Bancorp, Inc. $GBCI

Gallagher Fiduciary Advisors LLC bought a new position in shares of Glacier Bancorp, Inc. (NYSE:GBCIFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,789 shares of the company’s stock, valued at approximately $711,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GBCI. Root Financial Partners LLC raised its holdings in Glacier Bancorp by 122.5% in the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock worth $29,000 after purchasing an additional 359 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Glacier Bancorp in the 4th quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Global Retirement Partners LLC grew its holdings 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 during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Glacier Bancorp in the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 1.2%

GBCI opened at $47.35 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $50.22 and a 200-day moving average price of $48.39. Glacier Bancorp, Inc. has a twelve month low of $39.90 and a twelve month high of $54.58. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 19.41 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCIGet Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The company had revenue of $320.94 million for the quarter. During the same quarter in the prior year, the business posted $0.57 EPS. Equities research analysts forecast that Glacier Bancorp, Inc. will post 3.11 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were issued a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. Glacier Bancorp’s payout ratio is presently 54.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GBCI shares. 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 note on Wednesday, April 29th. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Glacier Bancorp in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Glacier Bancorp currently has an average rating of “Moderate Buy” and an average target price of $55.17.

Get Our Latest Stock Analysis on GBCI

About Glacier Bancorp

(Free Report)

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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Institutional Ownership by Quarter for Glacier Bancorp (NYSE:GBCI)

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