36,738 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Bought by Universal Beteiligungs und Servicegesellschaft mbH

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 bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 36,738 shares of the bank's stock, valued at approximately $1,625,000.

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

Insider Activity at Glacier Bancorp

In other news, insider Lee Kenneth Groom sold 800 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $44.24, for a total transaction of $35,392.00. Following the completion of the transaction, the insider directly owned 11,918 shares in the company, valued at $527,252.32. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by company insiders.

Glacier Bancorp Price Performance

Shares of GBCI traded up $0.32 during mid-day trading on Tuesday, reaching $44.09. 229,952 shares of the stock traded hands, compared to its average volume of 701,510. The firm has a fifty day moving average price of $43.71 and a 200 day moving average price of $44.42. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 26.37 and a beta of 0.79. 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 $36.76 and a 1 year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings results 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 net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the business earned $0.39 EPS. As a group, equities research analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Tuesday, July 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 3.0%. The ex-dividend date was Tuesday, July 8th. Glacier Bancorp's payout ratio is 68.75%.

Analysts Set New Price Targets

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

About Glacier Bancorp

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.