World Investment Advisors Has $1.80 Million Stock Position in Glacier Bancorp, Inc. $GBCI

World Investment Advisors raised its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 615.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,414 shares of the company’s stock after buying an additional 34,764 shares during the period. World Investment Advisors’ holdings in Glacier Bancorp were worth $1,805,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position 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 acquiring an additional 73,545 shares in the last quarter. American National Bank & Trust bought a new position in Glacier Bancorp in the 4th quarter worth approximately $4,821,000. Capital International Investors lifted its holdings in Glacier Bancorp by 17.1% during the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its position in Glacier Bancorp by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock valued at $146,736,000 after buying an additional 237,316 shares during the last quarter. Finally, Deprince Race & Zollo Inc. increased its stake in shares of Glacier Bancorp by 30.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock valued at $73,229,000 after buying an additional 390,366 shares during the period. 80.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on GBCI shares. Stephens lifted their price objective on Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler increased their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Finally, DA Davidson increased their price target on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $55.17.

Glacier Bancorp Price Performance

GBCI stock opened at $52.01 on Wednesday. The stock has a market cap of $6.77 billion, a PE ratio of 24.30 and a beta of 0.72. The stock has a 50-day moving average price of $48.70 and a two-hundred day moving average price of $47.73. Glacier Bancorp, Inc. has a 1 year low of $39.90 and a 1 year high of $53.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $309.61 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same quarter in the previous year, the company posted $0.48 EPS. Equities analysts forecast that Glacier Bancorp, Inc. will post 3.16 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, July 7th will be issued 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 payout ratio is presently 61.68%.

About Glacier Bancorp

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.