Janus Henderson Group PLC Acquires 499,484 Shares of Glacier Bancorp, Inc. $GBCI

Janus Henderson Group PLC grew its holdings in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 887.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 555,761 shares of the company’s stock after acquiring an additional 499,484 shares during the quarter. Janus Henderson Group PLC’s holdings in Glacier Bancorp were worth $24,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GBCI. Root Financial Partners LLC boosted its stake in shares of Glacier Bancorp by 122.5% in the 1st quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in Glacier Bancorp during the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its stake in Glacier Bancorp by 218.8% in the 2nd 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. Global Retirement Partners LLC lifted its stake in Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Glacier Bancorp in the fourth quarter valued at approximately $35,000. Institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GBCI shares. Stephens upped their price target on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Piper Sandler raised their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a report 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 report on Monday, July 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Glacier Bancorp in a research note on Monday, July 20th. 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. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus price target of $55.17.

Glacier Bancorp Price Performance

Shares of NYSE:GBCI opened at $50.44 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. Glacier Bancorp, Inc. has a 52 week low of $39.90 and a 52 week high of $54.58. The firm has a market cap of $6.56 billion, a PE ratio of 20.67 and a beta of 0.74. The firm’s fifty day moving average is $49.93 and its 200-day moving average is $48.45.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $320.94 million during the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same period in the prior year, the business earned $0.57 earnings per share. Sell-side analysts predict that Glacier Bancorp, Inc. will post 3.15 earnings per share for the current year.

Glacier Bancorp Announces Dividend

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

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.