Inspire Investing LLC Acquires 593 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Inspire Investing LLC lifted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,472 shares of the bank’s stock after buying an additional 593 shares during the period. Inspire Investing LLC’s holdings in Glacier Bancorp were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GBCI. &PARTNERS bought a new stake in Glacier Bancorp during the first quarter worth approximately $991,000. Capital International Investors increased its position in shares of Glacier Bancorp by 45.1% during the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock valued at $75,326,000 after purchasing an additional 566,513 shares during the last quarter. Sei Investments Co. raised its holdings in Glacier Bancorp by 46.2% during the 1st quarter. Sei Investments Co. now owns 148,305 shares of the bank’s stock valued at $5,974,000 after buying an additional 46,890 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Glacier Bancorp by 21.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank’s stock worth $3,160,000 after buying an additional 13,655 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Glacier Bancorp during the first quarter worth $477,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on GBCI. Piper Sandler restated a “neutral” rating and issued a $38.00 target price on shares of Glacier Bancorp in a report on Tuesday, August 27th. StockNews.com upgraded Glacier Bancorp to a “sell” rating in a research report on Thursday, June 6th. Finally, Truist Financial increased their price target on Glacier Bancorp from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.80.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $46.24 on Monday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 26.42 and a beta of 0.80. The firm has a 50-day moving average of $44.06 and a two-hundred day moving average of $39.83. Glacier Bancorp, Inc. has a 1 year low of $26.83 and a 1 year high of $47.71. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.81 and a quick ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The company had revenue of $306.04 million for the quarter, compared to the consensus estimate of $204.43 million. During the same period last year, the business posted $0.50 EPS. On average, research analysts forecast that Glacier Bancorp, Inc. will post 1.62 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 75.43%.

Insiders Place Their Bets

In other news, Director Annie M. Goodwin sold 5,619 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total value of $250,326.45. Following the completion of the sale, the director now owns 9,402 shares in the company, valued at approximately $418,859.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Annie M. Goodwin sold 5,619 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the transaction, the director now directly owns 9,402 shares in the company, valued at $418,859.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Don J. Chery sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the transaction, the chief accounting officer now directly owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

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.