GTS Securities LLC Makes New $381,000 Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

GTS Securities LLC purchased a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,584 shares of the bank's stock, valued at approximately $381,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. raised its position in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of Glacier Bancorp during the 4th quarter valued at approximately $63,000. Bridge Generations Wealth Management LLC bought a new position in shares of Glacier Bancorp during the 4th quarter valued at approximately $70,000. Smartleaf Asset Management LLC raised its holdings in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock valued at $144,000 after buying an additional 431 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Glacier Bancorp in the fourth quarter worth $146,000. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Trading Down 1.0%

Shares of NASDAQ:GBCI traded down $0.40 on Monday, hitting $41.07. 1,458,158 shares of the company's stock were exchanged, compared to its average volume of 639,913. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 24.60 and a beta of 0.79. Glacier Bancorp, Inc. has a 12 month low of $34.48 and a 12 month high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The business's 50 day simple moving average is $41.28 and its two-hundred day simple moving average is $47.36.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $0.29 EPS. Analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.21%. 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 research firms have weighed in on GBCI. Raymond James set a $45.00 price objective on shares of Glacier Bancorp in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their price target 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. Finally, Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Glacier Bancorp has an average rating of "Hold" and a consensus target price of $50.50.

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.