Royce & Associates LP Grows Position in Glacier Bancorp, Inc. $GBCI

Royce & Associates LP boosted its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 434,304 shares of the company’s stock after purchasing an additional 52,906 shares during the period. Royce & Associates LP’s holdings in Glacier Bancorp were worth $19,131,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GBCI. EverSource Wealth Advisors LLC lifted its stake 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 lifted its stake in Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after acquiring an additional 223 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Glacier Bancorp during the 3rd quarter valued at approximately $40,000. CIBC Private Wealth Group LLC lifted its stake in Glacier Bancorp by 1,176.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock valued at $62,000 after acquiring an additional 1,165 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in Glacier Bancorp by 219.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock valued at $79,000 after acquiring an additional 1,111 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

GBCI has been the subject of several research reports. Brean Capital cut shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Janney Montgomery Scott initiated coverage on shares of Glacier Bancorp in a research note on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price objective for the company. Stephens lifted their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Piper Sandler lifted their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.17.

Glacier Bancorp Stock Performance

Shares of NYSE GBCI opened at $48.58 on Wednesday. The company’s fifty day moving average price is $46.83 and its 200 day moving average price is $46.32. Glacier Bancorp, Inc. has a 1 year low of $39.90 and a 1 year high of $53.99. The company has a market capitalization of $6.32 billion, a PE ratio of 22.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83.

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

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. Glacier Bancorp’s dividend payout ratio is 61.68%.

Glacier Bancorp Company 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.