11,884 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Acquired by LMR Partners LLP

LMR Partners LLP acquired a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) in the third quarter, Holdings Channel reports. The fund acquired 11,884 shares of the bank’s stock, valued at approximately $543,000.

A number of other institutional investors have also recently added to or reduced their stakes in GBCI. Allspring Global Investments Holdings LLC bought a new position in shares of Glacier Bancorp during the first quarter worth about $25,000. International Assets Investment Management LLC bought a new stake in Glacier Bancorp in the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after purchasing an additional 772 shares during the period. Venturi Wealth Management LLC grew its position in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $207,000. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Performance

GBCI opened at $55.85 on Wednesday. Glacier Bancorp, Inc. has a 1-year low of $32.00 and a 1-year 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 business has a 50 day moving average price of $48.94 and a two-hundred day moving average price of $43.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The business had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Research analysts predict that Glacier Bancorp, Inc. will post 1.67 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.