Bridge City Capital LLC Sells 17,986 Shares of Glacier Bancorp, Inc. $GBCI

Bridge City Capital LLC decreased its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,077 shares of the company’s stock after selling 17,986 shares during the quarter. Glacier Bancorp comprises approximately 2.0% of Bridge City Capital LLC’s investment portfolio, making the stock its 8th biggest position. Bridge City Capital LLC’s holdings in Glacier Bancorp were worth $6,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GBCI. AQR Capital Management LLC grew its position in shares of Glacier Bancorp by 30.9% in the first quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock valued at $1,358,000 after purchasing an additional 7,359 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Glacier Bancorp by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock valued at $59,799,000 after purchasing an additional 73,756 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Glacier Bancorp by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock valued at $15,587,000 after purchasing an additional 26,157 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Glacier Bancorp in the second quarter valued at approximately $2,011,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 2.3%

Shares of NYSE:GBCI opened at $49.94 on Friday. The company has a market capitalization of $6.50 billion, a P/E ratio of 23.34 and a beta of 0.74. Glacier Bancorp, Inc. has a 1 year low of $39.90 and a 1 year high of $53.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50 day simple moving average is $47.78 and its 200 day simple moving average is $46.83.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $309.61 million for the quarter. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.During the same period in the prior year, the company earned $0.48 EPS. On average, research analysts anticipate that Glacier Bancorp, Inc. will post 3.16 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.6%. Glacier Bancorp’s dividend payout ratio is currently 61.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GBCI shares. Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. 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 report 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 report on Monday, April 27th. Stephens increased 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. Finally, Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” 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.