Hsbc Holdings PLC Increases Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Hsbc Holdings PLC raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 103.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,195 shares of the bank's stock after buying an additional 9,745 shares during the quarter. Hsbc Holdings PLC's holdings in Glacier Bancorp were worth $964,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in Glacier Bancorp in the 4th quarter worth approximately $56,923,000. Madison Investment Advisors LLC purchased a new position in Glacier Bancorp during the fourth quarter worth approximately $47,770,000. JPMorgan Chase & Co. lifted its position in Glacier Bancorp by 76.0% during the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after buying an additional 242,414 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Glacier Bancorp during the fourth quarter worth $9,544,000. Finally, Prudential Financial Inc. grew its holdings in Glacier Bancorp by 1,114.9% in the 4th quarter. Prudential Financial Inc. now owns 191,816 shares of the bank's stock valued at $9,633,000 after buying an additional 176,028 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $41.90 on Friday. The company's 50 day simple moving average is $42.86 and its 200-day simple moving average is $48.92. 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, Inc. has a 1 year low of $34.48 and a 1 year high of $60.67. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 25.09 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, equities research analysts expect that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.15%. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GBCI. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Raymond James set a $45.00 target price on shares of Glacier Bancorp in a report on Monday, April 28th. Piper Sandler cut their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of "Hold" and an average target price of $50.50.

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.

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