937,895 Shares in Glacier Bancorp, Inc. $GBCI Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 937,895 shares of the company’s stock, valued at approximately $48,377,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Root Financial Partners LLC grew its position in Glacier Bancorp by 122.5% in the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock worth $29,000 after buying an additional 359 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of Glacier Bancorp in the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after acquiring an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Glacier Bancorp during the 4th quarter worth $35,000. 80.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GBCI shares. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. DA Davidson reaffirmed a “buy” rating and set a $58.00 target price on shares of Glacier Bancorp in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.17.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $47.30 on Friday. The stock has a market cap of $6.16 billion, a PE ratio of 19.38 and a beta of 0.74. The business has a fifty day simple moving average of $50.18 and a 200-day simple moving average of $48.31. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. Glacier Bancorp, Inc. has a 12 month low of $39.90 and a 12 month high of $54.58.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $320.94 million for the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same quarter in the prior year, the firm posted $0.57 EPS. On average, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.11 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Glacier Bancorp’s payout ratio is 54.10%.

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.