Kennedy Capital Management LLC Buys 116,889 Shares of Glacier Bancorp, Inc. $GBCI

Kennedy Capital Management LLC boosted its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 548,536 shares of the company’s stock after acquiring an additional 116,889 shares during the quarter. Kennedy Capital Management LLC’s holdings in Glacier Bancorp were worth $24,163,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its stake in Glacier Bancorp by 41.2% during the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of 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 buying an additional 306 shares during the last quarter. State of Wyoming grew its stake in shares of Glacier Bancorp by 22.5% during the fourth quarter. State of Wyoming now owns 1,763 shares of the company’s stock valued at $78,000 after buying an additional 324 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Glacier Bancorp by 11.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,306 shares of the company’s stock valued at $147,000 after buying an additional 327 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Glacier Bancorp by 3.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,211 shares of the company’s stock valued at $450,000 after buying an additional 383 shares during the last quarter. 80.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on GBCI. Piper Sandler upped their target price on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. DA Davidson upped their target price on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Finally, Stephens upped their target price on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and an average target price of $55.17.

Glacier Bancorp Stock Up 2.3%

Shares of NYSE:GBCI opened at $49.94 on Friday. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $53.99. The stock has a market cap of $6.50 billion, a P/E ratio of 23.34 and a beta of 0.74. The business’s 50 day moving average is $47.78 and its 200 day moving average is $46.83. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The company had revenue of $309.61 million for the quarter. During the same period last year, the company earned $0.48 EPS. Sell-side analysts predict that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 annualized dividend and a yield of 2.6%. Glacier Bancorp’s dividend payout ratio is 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.