EP Wealth Advisors LLC Makes New $554,000 Investment in Glacier Bancorp, Inc. $GBCI

EP Wealth Advisors LLC bought a new stake in Glacier Bancorp, Inc. (NYSE:GBCI) during the 2nd quarter, Holdings Channel reports. The firm bought 10,733 shares of the company’s stock, valued at approximately $554,000.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Glacier Bancorp by 30.9% during the 1st quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock valued at $1,358,000 after buying an additional 7,359 shares during the period. Goldman Sachs Group Inc. grew its position in Glacier Bancorp by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock worth $59,799,000 after acquiring an additional 73,756 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Glacier Bancorp by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock worth $15,587,000 after acquiring an additional 26,157 shares during the period. EverSource Wealth Advisors LLC increased its stake in Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after acquiring an additional 490 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in Glacier Bancorp during the second quarter worth $2,011,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Performance

NYSE:GBCI opened at $46.77 on Tuesday. Glacier Bancorp, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $54.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50 day moving average price of $50.26 and a 200 day moving average price of $48.43. The stock has a market capitalization of $6.09 billion, a P/E ratio of 19.17 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.The company had revenue of $320.94 million for the quarter. During the same period in the previous year, the firm earned $0.57 EPS. Equities research analysts forecast that Glacier Bancorp, Inc. will post 3.11 EPS for the current year.

Glacier Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. DA Davidson reaffirmed a “buy” rating and issued a $58.00 price target on shares of Glacier Bancorp in a research note on Monday, July 27th. Stephens raised 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 raised their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Moderate Buy” 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.