Dimensional Fund Advisors LP Has $107.32 Million Stake in Glacier Bancorp, Inc. $GBCI

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Glacier Bancorp by 4.8% in Q1, now holding 2.14% of the company worth approximately $107 million.
• Glacier Bancorp recently missed EPS estimates, reporting $0.45 compared to the expected $0.49, but it also announced a quarterly dividend of $0.33 per share, yielding 2.7% annually.
• Analysts have varying views on Glacier Bancorp; the stock has a consensus rating of "Moderate Buy" with price targets ranging from $48 to $52 set by different analysts.

Dimensional Fund Advisors LP cut its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,427,206 shares of the bank's stock after selling 122,955 shares during the period. Dimensional Fund Advisors LP owned 2.14% of Glacier Bancorp worth $107,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wood Tarver Financial Group LLC bought a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $33,000. JNBA Financial Advisors bought a new stake in shares of Glacier Bancorp during the first quarter worth approximately $35,000. UMB Bank n.a. raised its stake in shares of Glacier Bancorp by 114.9% during the first quarter. UMB Bank n.a. now owns 838 shares of the bank's stock worth $37,000 after buying an additional 448 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Glacier Bancorp by 252.1% during the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank's stock worth $62,000 after buying an additional 1,001 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $146,000. 80.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GBCI has been the subject of a number of recent research reports. Janney Montgomery Scott raised shares of Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price target for the company in a research note on Thursday, June 5th. Raymond James Financial reissued an "outperform" rating and set a $48.00 price target (up from $45.00) on shares of Glacier Bancorp in a research note on Thursday, June 26th. Piper Sandler boosted their price target on shares of Glacier Bancorp from $47.00 to $49.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods boosted their price objective on shares of Glacier Bancorp from $50.00 to $52.00 and gave the company a "market perform" rating in a report on Friday, June 27th. Finally, DA Davidson restated a "buy" rating and set a $50.00 price objective on shares of Glacier Bancorp in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

Insider Buying and Selling at Glacier Bancorp

In other news, insider Lee Kenneth Groom sold 800 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $44.24, for a total value of $35,392.00. Following the completion of the transaction, the insider owned 11,918 shares in the company, valued at $527,252.32. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is owned by company insiders.

Glacier Bancorp Trading Up 0.3%

NASDAQ GBCI traded up $0.14 during trading on Wednesday, reaching $48.61. 242,330 shares of the stock traded hands, compared to its average volume of 708,860. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 29.10 and a beta of 0.79. Glacier Bancorp, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock's 50-day moving average price is $44.99 and its 200 day moving average price is $43.96.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). 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 $0.39 earnings per share. Analysts predict that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Tuesday, July 8th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, July 8th. Glacier Bancorp's dividend payout ratio is 68.75%.

Glacier Bancorp Profile

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.