Capital International Investors Has $84.82 Million Holdings in Glacier Bancorp, Inc. $GBCI

Key Points

• Capital International Investors increased its stake in Glacier Bancorp by 17.1% in Q3 to 1,742,780 shares (about 1.34% of the company), valued at roughly $84.82 million.
• Analysts are mixed on GBCI — three Buys, one Hold and one Sell — giving an average rating of “Hold” with an average target of $55.67; the company also recently missed quarterly EPS estimates ($0.49 vs. $0.62) while shares trade near $44.91.
• Institutional investors own about 80.17% of Glacier Bancorp; the bank has a market cap of $5.84 billion and a P/E ratio of 26.89.

Capital International Investors boosted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 17.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,742,780 shares of the bank's stock after purchasing an additional 254,514 shares during the quarter. Capital International Investors owned about 1.34% of Glacier Bancorp worth $84,821,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Glacier Bancorp by 20.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the bank's stock worth $78,000 after buying an additional 273 shares during the period. M&T Bank Corp raised its position in shares of Glacier Bancorp by 0.4% in the 2nd quarter. M&T Bank Corp now owns 69,744 shares of the bank's stock valued at $3,004,000 after acquiring an additional 307 shares during the period. Inspire Investing LLC boosted its stake in Glacier Bancorp by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 9,360 shares of the bank's stock worth $456,000 after acquiring an additional 357 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Glacier Bancorp by 1.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,642 shares of the bank's stock worth $932,000 after acquiring an additional 394 shares during the last quarter. Finally, First American Bank grew its holdings in Glacier Bancorp by 1.1% during the third quarter. First American Bank now owns 37,246 shares of the bank's stock valued at $1,813,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 80.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stephens set a $58.00 target price on shares of Glacier Bancorp in a research note on Monday, January 26th. Piper Sandler set a $59.00 price target on shares of Glacier Bancorp and gave the company an "overweight" rating in a report on Wednesday, February 11th. Keefe, Bruyette & Woods restated an "underperform" rating on shares of Glacier Bancorp in a research report on Monday, January 26th. DA Davidson raised their price objective on Glacier Bancorp from $55.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, January 26th. Finally, Janney Montgomery Scott assumed coverage on Glacier Bancorp in a report on Tuesday, February 10th. They set a "neutral" rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Glacier Bancorp presently has an average rating of "Hold" and an average target price of $55.67.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $44.91 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a 52 week low of $36.76 and a 52 week high of $53.99. The company's 50 day moving average price is $48.36 and its two-hundred day moving average price is $46.39. The company has a market capitalization of $5.84 billion, a P/E ratio of 26.89 and a beta of 0.75.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.13). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts expect that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana, serving communities across the western United States. Through its primary banking subsidiary, Glacier Bank, the company offers a range of financial products, including commercial and consumer lending, deposit accounts, treasury management, mortgage banking, wealth management and insurance services. With locations in dozens of branches across Montana, Idaho, Wyoming, Nevada, Utah, Washington, Colorado and Arizona, it caters to individuals, small businesses and agribusiness clients.

Since its establishment in the mid-20th century as a community-focused savings institution, Glacier Bancorp has grown through both organic expansion and strategic acquisitions of regional banks, strengthening its presence in local markets.

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