Glacier Bancorp, Inc. $GBCI is Deprince Race & Zollo Inc.'s 10th Largest Position

Key Points

• Deprince Race & Zollo boosted its stake in Glacier Bancorp by 30.7% in Q4 to 1,662,407 shares (adding 390,366 shares), making GBCI its 10th-largest holding and representing about 1.28% of Glacier worth ~$73.23M (≈1.4% of Deprince's portfolio).
• Analysts have a consensus Hold rating on GBCI with an average price target of $55.67 (3 Buy, 3 Hold, 1 Sell); the company has a $6.26B market cap, a PE of 24.18, and missed last quarter's EPS at $0.49 vs. $0.62 expected.
• Glacier Bancorp pays a quarterly dividend of $0.33 (annualized $1.32, 2.7% yield, 66.33% payout ratio) and about 80.17% of its stock is held by institutional investors.

Deprince Race & Zollo Inc. grew its holdings in Glacier Bancorp, Inc. (NYSE:GBCI - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,662,407 shares of the company's stock after buying an additional 390,366 shares during the quarter. Glacier Bancorp makes up about 1.4% of Deprince Race & Zollo Inc.'s investment portfolio, making the stock its 10th largest holding. Deprince Race & Zollo Inc. owned approximately 1.28% of Glacier Bancorp worth $73,229,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in GBCI. EverSource Wealth Advisors LLC lifted its stake in shares of Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company's stock valued at $31,000 after purchasing an additional 490 shares during the period. Mather Group LLC. purchased a new position in shares of Glacier Bancorp in the 3rd quarter valued at approximately $35,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Glacier Bancorp in the 3rd quarter valued at approximately $40,000. CIBC Private Wealth Group LLC grew its position in shares of Glacier Bancorp by 1,176.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company's stock worth $62,000 after buying an additional 1,165 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Glacier Bancorp by 20.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company's stock worth $78,000 after buying an additional 273 shares during the period. Hedge funds and other institutional investors own 80.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GBCI shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Brean Capital downgraded shares of Glacier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. DA Davidson upped their target price on shares of Glacier Bancorp from $55.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, January 26th. Janney Montgomery Scott started coverage on shares of Glacier Bancorp in a research report on Tuesday, February 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Finally, Piper Sandler set a $59.00 target price on shares of Glacier Bancorp and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $55.67.

Glacier Bancorp Stock Down 0.0%

GBCI stock opened at $48.11 on Monday. The firm has a market cap of $6.26 billion, a PE ratio of 24.18 and a beta of 0.73. The business has a 50 day moving average of $47.11 and a 200 day moving average of $45.74. Glacier Bancorp, Inc. has a twelve month low of $37.21 and a twelve month high of $53.99. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last posted its earnings results on Thursday, January 22nd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.During the same period in the prior year, the business posted $0.54 earnings per share.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.7%. Glacier Bancorp's dividend payout ratio (DPR) is presently 66.33%.

Glacier Bancorp 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.

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