Greenwood Capital Associates LLC acquired a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,087 shares of the bank's stock, valued at approximately $358,000.
Other large investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC acquired a new stake in shares of Glacier Bancorp during the fourth quarter valued at $33,000. UMB Bank n.a. boosted 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 valued at $37,000 after acquiring an additional 448 shares during the last quarter. Farther Finance Advisors LLC boosted 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 valued at $62,000 after acquiring an additional 1,001 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in Glacier Bancorp during the fourth quarter worth about $63,000. Finally, Bridge Generations Wealth Management LLC purchased a new position in Glacier Bancorp during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 80.17% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on GBCI. Raymond James set a $45.00 target price on Glacier Bancorp in a research report on Monday, April 28th. Janney Montgomery Scott upgraded Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Thursday, June 5th. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods reduced their target price on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.00.
Check Out Our Latest Analysis on GBCI
Glacier Bancorp Trading Down 3.2%
Shares of Glacier Bancorp stock traded down $1.35 during trading hours on Friday, reaching $41.06. The stock had a trading volume of 438,041 shares, compared to its average volume of 646,248. The firm has a 50 day simple moving average of $41.34 and a two-hundred day simple moving average of $46.57. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 24.59 and a beta of 0.77. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 1 year low of $34.71 and a 1 year high of $60.67.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period in the prior year, the business posted $0.29 EPS. As a group, equities research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.
Glacier Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.22%. Glacier Bancorp's dividend payout ratio (DPR) is 70.97%.
Glacier Bancorp Profile
(
Free Report)
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.
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