Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,643 shares of the bank’s stock after acquiring an additional 2,214 shares during the period. Atria Investments Inc’s holdings in Glacier Bancorp were worth $669,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its position in Glacier Bancorp by 20.7% in the third quarter. QRG Capital Management Inc. now owns 7,668 shares of the bank’s stock valued at $350,000 after purchasing an additional 1,316 shares during the period. Ceredex Value Advisors LLC raised its position in Glacier Bancorp by 4.2% in the third quarter. Ceredex Value Advisors LLC now owns 321,500 shares of the bank’s stock valued at $14,693,000 after purchasing an additional 13,000 shares during the period. State of Alaska Department of Revenue raised its position in Glacier Bancorp by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 13,216 shares of the bank’s stock valued at $603,000 after purchasing an additional 890 shares during the period. Argent Capital Management LLC raised its position in Glacier Bancorp by 15.1% in the third quarter. Argent Capital Management LLC now owns 12,558 shares of the bank’s stock valued at $574,000 after purchasing an additional 1,645 shares during the period. Finally, Creative Planning raised its position in Glacier Bancorp by 19.0% in the third quarter. Creative Planning now owns 43,794 shares of the bank’s stock valued at $2,001,000 after purchasing an additional 7,002 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on GBCI shares. Truist Financial upped their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Piper Sandler upped their price objective on Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Raymond James upped their price objective on Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Glacier Bancorp has a consensus rating of “Hold” and a consensus price target of $46.20.

Glacier Bancorp Price Performance

Shares of GBCI opened at $55.85 on Wednesday. Glacier Bancorp, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $59.19. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 34.48 and a beta of 0.77. The firm has a 50-day simple moving average of $48.94 and a 200-day simple moving average of $43.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Glacier Bancorp, Inc. will post 1.67 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 annualized dividend and a yield of 2.36%. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

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.