SG Americas Securities LLC Raises Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

SG Americas Securities LLC lifted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 19.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,404 shares of the bank’s stock after purchasing an additional 1,894 shares during the quarter. SG Americas Securities LLC’s holdings in Glacier Bancorp were worth $521,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of GBCI. Vanguard Group Inc. raised its holdings in shares of Glacier Bancorp by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank’s stock worth $510,312,000 after buying an additional 80,251 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Glacier Bancorp by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,611,345 shares of the bank’s stock worth $97,450,000 after buying an additional 103,374 shares during the last quarter. Capital Research Global Investors lifted its stake in Glacier Bancorp by 60.3% during the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock valued at $77,539,000 after acquiring an additional 724,089 shares during the period. Victory Capital Management Inc. lifted its stake in Glacier Bancorp by 10.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,528,273 shares of the bank’s stock valued at $57,035,000 after acquiring an additional 149,404 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Glacier Bancorp by 2.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,414,154 shares of the bank’s stock worth $52,776,000 after acquiring an additional 40,120 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI opened at $47.89 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 27.37 and a beta of 0.80. The stock’s 50-day moving average is $44.75 and its two-hundred day moving average is $40.60. Glacier Bancorp, Inc. has a 1-year low of $28.60 and a 1-year high of $49.13.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The company had revenue of $306.04 million during the quarter, compared to the consensus estimate of $204.43 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Analysts forecast that Glacier Bancorp, Inc. will post 1.63 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio (DPR) is 75.43%.

Analyst Ratings Changes

Several research firms recently issued reports on GBCI. Raymond James boosted their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Truist Financial increased their target price on shares of Glacier Bancorp from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Piper Sandler restated a “neutral” rating and issued a $38.00 price target on shares of Glacier Bancorp in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.20.

Insider Buying and Selling at Glacier Bancorp

In related news, CAO Don J. Chery sold 1,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the sale, the chief accounting officer now owns 52,539 shares in the company, valued at $2,389,999.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $250,326.45. Following the sale, the director now owns 9,402 shares of the company’s stock, valued at approximately $418,859.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Don J. Chery sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $45.49, for a total value of $45,490.00. Following the completion of the transaction, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.44% of the stock is owned by company insiders.

Glacier Bancorp Company 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.