Helium Advisors LLC Makes New $1.11 Million Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Helium Advisors LLC acquired a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,092 shares of the bank's stock, valued at approximately $1,109,000. Glacier Bancorp comprises 0.9% of Helium Advisors LLC's investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors also recently made changes to their positions in the business. Mather Group LLC. lifted its position in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in Glacier Bancorp during the 4th quarter worth approximately $63,000. Bridge Generations Wealth Management LLC acquired a new position in shares of Glacier Bancorp in the 4th quarter worth approximately $70,000. Smartleaf Asset Management LLC increased 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 valued at $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 during the 4th quarter valued at approximately $146,000. 80.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Raymond James set a $45.00 price objective on shares of Glacier Bancorp in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $50.50.

Glacier Bancorp Stock Performance

GBCI stock traded down $0.36 during mid-day trading on Wednesday, reaching $41.40. The company had a trading volume of 90,406 shares, compared to its average volume of 632,006. Glacier Bancorp, Inc. has a one year low of $34.48 and a one year high of $60.67. The stock has a market capitalization of $4.70 billion, a P/E ratio of 24.79 and a beta of 0.79. 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 stock's 50-day simple moving average is $41.58 and its two-hundred day simple moving average is $47.86.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, beating 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. Research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.19%. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Glacier Bancorp 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.