Glacier Bancorp, Inc. $GBCI Stock Holdings Lifted by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Glacier Bancorp by 681.9% during the first quarter, owning 31,127 shares valued at approximately $1,376,000.
• Glacier Bancorp's most recent earnings report showed earnings per share (EPS) of $0.45, below the analysts' expectations of $0.49.
• The company announced a quarterly dividend of $0.33, resulting in an annualized dividend yield of 2.7% and a payout ratio of 68.75%.

Dynamic Technology Lab Private Ltd boosted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 681.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,127 shares of the bank's stock after purchasing an additional 27,146 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Glacier Bancorp were worth $1,376,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GBCI. Ameriprise Financial Inc. increased its holdings in Glacier Bancorp by 57.8% in the 4th quarter. Ameriprise Financial Inc. now owns 287,123 shares of the bank's stock valued at $14,419,000 after purchasing an additional 105,153 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Glacier Bancorp by 323.2% in the 4th quarter. Baird Financial Group Inc. now owns 5,205 shares of the bank's stock valued at $261,000 after purchasing an additional 3,975 shares in the last quarter. Captrust Financial Advisors increased its holdings in Glacier Bancorp by 21.1% in the 4th quarter. Captrust Financial Advisors now owns 30,762 shares of the bank's stock valued at $1,545,000 after purchasing an additional 5,369 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Glacier Bancorp by 49.3% in the fourth quarter. Deutsche Bank AG now owns 98,924 shares of the bank's stock valued at $4,968,000 after purchasing an additional 32,678 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Glacier Bancorp by 7.0% during the 4th quarter. Janus Henderson Group PLC now owns 53,177 shares of the bank's stock valued at $2,672,000 after purchasing an additional 3,500 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Stock Up 0.0%

Shares of Glacier Bancorp stock traded up $0.01 during trading on Friday, reaching $48.95. The company had a trading volume of 437,239 shares, compared to its average volume of 701,701. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 29.31 and a beta of 0.82. The firm's fifty day moving average is $46.45 and its 200-day moving average is $43.92. 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 fifty-two week low of $36.76 and a fifty-two week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.04). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%.During the same period last year, the company earned $0.39 earnings per share. On average, analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

GBCI has been the topic of several analyst reports. Raymond James Financial reaffirmed an "outperform" rating and set a $48.00 price target (up previously from $45.00) on shares of Glacier Bancorp in a research note on Thursday, June 26th. Keefe, Bruyette & Woods raised their target price on Glacier Bancorp from $52.00 to $55.00 and gave the company a "market perform" rating in a research note on Thursday, August 28th. DA Davidson reiterated a "buy" rating and issued a $50.00 price target on shares of Glacier Bancorp in a research note on Wednesday, June 25th. Janney Montgomery Scott raised Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price target for the company in a report on Thursday, June 5th. Finally, Piper Sandler raised their price objective on Glacier Bancorp from $47.00 to $49.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.

Insider Buying and Selling at Glacier Bancorp

In related news, insider Lee Kenneth Groom sold 800 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $44.24, for a total transaction of $35,392.00. Following the sale, the insider directly owned 11,918 shares of the company's stock, valued at approximately $527,252.32. This represents a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.53% of the company's stock.

Glacier Bancorp Company 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.