Royce & Associates LP Boosts Position in Glacier Bancorp, Inc. $GBCI

Royce & Associates LP raised its holdings in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 13.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 434,304 shares of the company’s stock after purchasing an additional 52,906 shares during the period. Royce & Associates LP owned 0.33% of Glacier Bancorp worth $19,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Global Retirement Partners LLC grew its position in shares of Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after buying an additional 223 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Glacier Bancorp by 9.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,706 shares of the company’s stock valued at $163,000 after acquiring an additional 306 shares during the last quarter. Ethic Inc. lifted its position in Glacier Bancorp by 5.9% during the fourth quarter. Ethic Inc. now owns 6,917 shares of the company’s stock valued at $305,000 after acquiring an additional 386 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Glacier Bancorp by 1.9% in the second quarter. EP Wealth Advisors LLC now owns 21,642 shares of the company’s stock valued at $932,000 after acquiring an additional 394 shares in the last quarter. Finally, Xponance Inc. grew its holdings in Glacier Bancorp by 2.5% in the third quarter. Xponance Inc. now owns 16,872 shares of the company’s stock worth $821,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

GBCI has been the topic of several analyst reports. Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Janney Montgomery Scott initiated coverage on shares of Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price target on the stock. DA Davidson lifted their price target on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Brean Capital lowered shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.17.

Glacier Bancorp Stock Up 1.9%

NYSE:GBCI opened at $48.58 on Wednesday. The company has a market cap of $6.32 billion, a PE ratio of 22.70 and a beta of 0.76. Glacier Bancorp, Inc. has a twelve month low of $39.90 and a twelve month high of $53.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $46.83 and its two-hundred day moving average is $46.32.

Glacier Bancorp (NYSE:GBCI) last released its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $309.61 million for the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period in the prior year, the firm posted $0.48 EPS. Analysts anticipate that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s payout ratio is currently 61.68%.

Glacier Bancorp Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.