Sterling Capital Management LLC Has $4.78 Million Holdings in Glacier Bancorp, Inc. $GBCI

Sterling Capital Management LLC lessened its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,093 shares of the company’s stock after selling 11,060 shares during the period. Sterling Capital Management LLC owned about 0.08% of Glacier Bancorp worth $4,784,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC lifted its stake in Glacier Bancorp by 15.0% in the 3rd quarter. Natixis Advisors LLC now owns 562,404 shares of the company’s stock valued at $27,372,000 after purchasing an additional 73,545 shares during the last quarter. American National Bank & Trust acquired a new stake in Glacier Bancorp in the fourth quarter valued at approximately $4,821,000. Capital International Investors grew its stake in shares of Glacier Bancorp by 17.1% during the third quarter. Capital International Investors now owns 1,742,780 shares of the company’s stock worth $84,821,000 after buying an additional 254,514 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Glacier Bancorp by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock worth $146,736,000 after buying an additional 237,316 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its holdings in shares of Glacier Bancorp by 30.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock worth $73,229,000 after buying an additional 390,366 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 2.1%

Glacier Bancorp stock opened at $51.87 on Friday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 24.24 and a beta of 0.74. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $53.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a 50 day moving average price of $48.25 and a two-hundred day moving average price of $47.31.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, beating 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 company had revenue of $309.61 million for the quarter. During the same period in the prior year, the company posted $0.48 earnings per share. Equities analysts predict that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders 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 yield of 2.5%. Glacier Bancorp’s dividend payout ratio is 61.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GBCI. Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their target price on Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. 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 report on Monday, April 27th. Finally, Stephens lifted 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. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and a consensus price target of $55.17.

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.