XTX Topco Ltd Takes $1.82 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Key Points

• XTX Topco Ltd made a significant investment of approximately $1.82 million in Glacier Bancorp, acquiring 41,074 shares of the bank's stock.
• Glacier Bancorp reported an EPS of $0.45 for the latest quarter, missing expectations, while analysts predict the company will post a total of 2.45 EPS for the current fiscal year.
• The company's recent dividend yield is 2.93%, with an annualized dividend of $1.32 per share, reflecting a dividend payout ratio of 68.75%.

XTX Topco Ltd purchased a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,074 shares of the bank's stock, valued at approximately $1,816,000.

Several other large investors also recently added to or reduced their stakes in GBCI. American Century Companies Inc. boosted its position in Glacier Bancorp by 1.4% in the 4th quarter. American Century Companies Inc. now owns 35,404 shares of the bank's stock valued at $1,778,000 after buying an additional 487 shares during the period. LPL Financial LLC boosted its position in Glacier Bancorp by 52.6% in the 4th quarter. LPL Financial LLC now owns 111,045 shares of the bank's stock valued at $5,577,000 after buying an additional 38,294 shares during the period. JPMorgan Chase & Co. boosted its position in Glacier Bancorp by 76.0% in the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock valued at $28,192,000 after buying an additional 242,414 shares during the period. Norges Bank purchased a new stake in Glacier Bancorp in the 4th quarter valued at about $56,923,000. Finally, Pictet Asset Management Holding SA boosted its position in Glacier Bancorp by 32.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 19,515 shares of the bank's stock valued at $980,000 after buying an additional 4,777 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Down 2.2%

Shares of NASDAQ:GBCI traded down $0.96 during trading hours 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 debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 25.67 and a beta of 0.77. The firm's fifty day moving average price is $43.65 and its 200 day moving average price is $44.56. Glacier Bancorp, Inc. has a 52 week low of $36.76 and a 52 week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.45 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted $0.39 EPS. As a group, research analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently declared 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 was Tuesday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.1%. Glacier Bancorp's dividend payout ratio is presently 68.75%.

Insider Transactions at Glacier Bancorp

In other Glacier Bancorp news, insider Lee Kenneth Groom sold 800 shares of the company's stock in a transaction that occurred 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 transaction, the insider owned 11,918 shares in the company, valued at approximately $527,252.32. This represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.53% of the company's stock.

Analysts Set New Price Targets

GBCI has been the subject of several research reports. DA Davidson reissued a "buy" rating and issued a $50.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Piper Sandler boosted their price target on shares of Glacier Bancorp from $47.00 to $49.00 and gave the company a "neutral" rating in a report on Monday. Raymond James Financial restated an "outperform" rating and issued a $48.00 price target (up previously from $45.00) on shares of Glacier Bancorp in a report on Thursday, June 26th. 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 report on Thursday, June 5th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Glacier Bancorp from $50.00 to $52.00 and gave the company a "market perform" rating in a report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Glacier Bancorp 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.