Idaho Trust Co Takes Position in Glacier Bancorp, Inc. $GBCI

Idaho Trust Co bought a new stake in Glacier Bancorp, Inc. (NYSE:GBCI) during the second quarter, HoldingsChannel reports. The firm bought 277,940 shares of the company’s stock, valued at approximately $14,336,000. Glacier Bancorp comprises about 4.2% of Idaho Trust Co’s holdings, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Glacier Bancorp by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock valued at $146,736,000 after buying an additional 237,316 shares in the last quarter. Hsbc Holdings PLC raised its position in Glacier Bancorp by 881.8% during the fourth quarter. Hsbc Holdings PLC now owns 43,453 shares of the company’s stock worth $1,919,000 after acquiring an additional 39,027 shares in the last quarter. Vanguard Group Inc. raised its position in Glacier Bancorp by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock worth $588,471,000 after acquiring an additional 870,335 shares in the last quarter. Fifth Third Bancorp lifted its stake in Glacier Bancorp by 2,984.7% in the first quarter. Fifth Third Bancorp now owns 39,978 shares of the company’s stock valued at $1,786,000 after acquiring an additional 38,682 shares during the last quarter. Finally, Peregrine Capital Management LLC lifted its stake in Glacier Bancorp by 11.0% in the fourth quarter. Peregrine Capital Management LLC now owns 256,997 shares of the company’s stock valued at $11,321,000 after acquiring an additional 25,476 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.0%

Shares of Glacier Bancorp stock opened at $49.93 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $50.32 and a two-hundred day simple moving average of $48.52. Glacier Bancorp, Inc. has a 1 year low of $39.90 and a 1 year high of $54.58. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.46 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $320.94 million for the quarter. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Research analysts forecast that Glacier Bancorp, Inc. will post 3.11 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were paid a $0.33 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Glacier Bancorp’s dividend payout ratio is 54.10%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GBCI shares. Piper Sandler boosted their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. DA Davidson reiterated a “buy” rating and issued a $58.00 target price on shares of Glacier Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Finally, Stephens boosted their price target on Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.17.

About Glacier Bancorp

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.