GAMMA Investing LLC Purchases 139,346 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

GAMMA Investing LLC boosted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4,580.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,388 shares of the bank's stock after buying an additional 139,346 shares during the period. GAMMA Investing LLC owned approximately 0.13% of Glacier Bancorp worth $6,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wood Tarver Financial Group LLC bought a new stake in Glacier Bancorp in the fourth quarter valued at $33,000. VisionPoint Advisory Group LLC bought a new stake in shares of Glacier Bancorp during the fourth quarter worth about $63,000. Bridge Generations Wealth Management LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth about $70,000. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock worth $144,000 after acquiring an additional 431 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth about $146,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Down 3.2%

GBCI stock traded down $1.35 during trading on Friday, reaching $41.06. The stock had a trading volume of 438,041 shares, compared to its average volume of 646,247. Glacier Bancorp, Inc. has a one year low of $34.71 and a one year 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 company's 50 day moving average is $41.27 and its two-hundred day moving average is $46.68. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 24.59 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the company posted $0.29 earnings per share. Equities research analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.22%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Raymond James set a $45.00 target price on shares of Glacier Bancorp in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Janney Montgomery Scott upgraded shares of Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 target price on the stock in a report on Thursday, June 5th. Finally, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $50.00.

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.