Homestead Advisers Corp Increases Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Homestead Advisers Corp boosted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,916 shares of the bank's stock after acquiring an additional 15,800 shares during the quarter. Homestead Advisers Corp owned 0.11% of Glacier Bancorp worth $5,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Wood Tarver Financial Group LLC acquired a new stake in Glacier Bancorp during the 4th quarter valued at $33,000. JNBA Financial Advisors acquired a new stake in shares of Glacier Bancorp in the first quarter valued at approximately $35,000. UMB Bank n.a. increased its holdings in shares of Glacier Bancorp by 114.9% in the first quarter. UMB Bank n.a. now owns 838 shares of the bank's stock valued at $37,000 after purchasing an additional 448 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Glacier Bancorp by 252.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank's stock worth $62,000 after acquiring an additional 1,001 shares during the period. Finally, Bridge Generations Wealth Management LLC bought a new position in shares of Glacier Bancorp during the fourth quarter worth $70,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

Shares of GBCI traded up $0.49 on Tuesday, reaching $45.68. The company's stock had a trading volume of 100,650 shares, compared to its average volume of 657,506. 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 stock has a market capitalization of $5.19 billion, a P/E ratio of 27.35 and a beta of 0.77. The stock's 50 day simple moving average is $43.14 and its two-hundred day simple moving average is $44.79. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month 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 earnings per share (EPS) 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 quarter in the previous year, the company earned $0.29 EPS. Research analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Tuesday, July 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, July 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Wall Street Analyst Weigh In

GBCI has been the topic of several research reports. Janney Montgomery Scott raised shares of Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective on the stock in a research report on Thursday, June 5th. Keefe, Bruyette & Woods upped their price target on shares of Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a report on Friday, June 27th. DA Davidson reissued a "buy" rating and issued a $50.00 price objective on shares of Glacier Bancorp in a research note on Wednesday, June 25th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $48.00 price objective (up from $45.00) on shares of Glacier Bancorp in a research report on Thursday, June 26th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.83.

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.

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