Universal Beteiligungs und Servicegesellschaft mbH Invests $1.63 Million in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $1.63 million in Glacier Bancorp, acquiring 36,738 shares during the first quarter, indicating growing institutional interest in the bank.
• Glacier Bancorp reported a quarterly EPS of $0.45, missing analysts' expectations, but the company has a consensus target price of $50.00 with several analysts giving it a "buy" rating.
• Insider Lee Kenneth Groom sold 800 shares at an average price of $44.24, reducing their ownership by 6.29%, while company insiders hold only 0.53% of the stock.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 36,738 shares of the bank's stock, valued at approximately $1,625,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new stake in Glacier Bancorp in the 4th quarter worth approximately $33,000. JNBA Financial Advisors acquired a new position in shares of Glacier Bancorp in the 1st quarter valued at $35,000. UMB Bank n.a. grew its position in 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 buying an additional 448 shares during the period. Farther Finance Advisors LLC raised its position in shares of Glacier Bancorp by 252.1% in the first 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 acquired a new position in shares of Glacier Bancorp in the fourth quarter worth about $70,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on GBCI shares. Piper Sandler raised their target price on Glacier Bancorp from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Janney Montgomery Scott upgraded Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective for the company in a research report on Thursday, June 5th. Keefe, Bruyette & Woods upped their target price on Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a research note on Friday, June 27th. Raymond James Financial reiterated an "outperform" rating and issued a $48.00 target price (up previously from $45.00) on shares of Glacier Bancorp in a research report on Thursday, June 26th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $50.00 price target on shares of Glacier Bancorp in a research note on Wednesday, June 25th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

Insider Buying and Selling

In other news, insider Lee Kenneth Groom sold 800 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $44.24, for a total value of $35,392.00. Following the completion of the sale, the insider owned 11,918 shares of the company's stock, valued at $527,252.32. This represents a 6.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.53% of the stock is owned by company insiders.

Glacier Bancorp Price Performance

Shares of NASDAQ:GBCI traded down $0.96 during midday trading on Friday, hitting $42.87. The company's stock had a trading volume of 789,424 shares, compared to its average volume of 705,343. The company has a market cap of $4.87 billion, a P/E ratio of 25.67 and a beta of 0.77. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month high of $60.67. The business's 50 day simple moving average is $43.65 and its 200 day simple moving average is $44.56. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.04). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period in the previous year, the company posted $0.39 EPS. On average, analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.1%. Glacier Bancorp's payout ratio is 68.75%.

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.