20,222 Glacier Bancorp, Inc. $GBCI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lowered its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 19.6% in the third quarter, Holdings Channel.com reports. The firm owned 83,089 shares of the company’s stock after selling 20,222 shares during the period. Sterling Capital Management LLC’s holdings in Glacier Bancorp were worth $3,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Legal & General Group Plc acquired a new position in Glacier Bancorp during the second quarter valued at $9,236,000. Bank of America Corp DE acquired a new stake in Glacier Bancorp during the 2nd quarter worth about $62,719,000. NFJ Investment Group LLC acquired a new stake in Glacier Bancorp during the 2nd quarter worth about $40,129,000. Hsbc Holdings PLC boosted its position in Glacier Bancorp by 881.8% during the 4th 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 during the period. Finally, Wellington Management Group LLP grew its stake in Glacier Bancorp by 55.4% during the 2nd quarter. Wellington Management Group LLP now owns 106,943 shares of the company’s stock valued at $5,516,000 after acquiring an additional 38,145 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

GBCI has been the topic of a number of research reports. 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 price objective on shares of Glacier Bancorp in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and an average target price of $56.40.

Glacier Bancorp Stock Up 4.1%

GBCI stock opened at $47.89 on Friday. The firm has a market cap of $6.24 billion, a PE ratio of 17.94 and a beta of 0.77. The company has a fifty day simple moving average of $45.27 and a 200 day simple moving average of $47.80. Glacier Bancorp, Inc. has a 1 year low of $39.90 and a 1 year high of $54.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The business had revenue of $333.42 million for the quarter. Glacier Bancorp had a return on equity of 8.42% and a net margin of 21.24%. During the same period in the prior year, the company posted $0.57 EPS. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.10 EPS for the current fiscal year.

Glacier Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, October 6th were paid a $0.35 dividend. The ex-dividend date was Tuesday, October 6th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Glacier Bancorp’s dividend payout ratio is presently 52.43%.

Insider Activity

In other news, Chairman Craig Langel acquired 2,250 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average cost of $47.04 per share, with a total value of $105,840.00. Following the acquisition, the chairman owned 98,684 shares in the company, valued at approximately $4,642,095.36. This represents a 2.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Glacier Bancorp News Summary

Here are the key news stories impacting Glacier Bancorp this week:

• Positive Sentiment: Record quarterly profit: Third-quarter net income reached $105 million, up 54% year over year and 7% sequentially. Diluted EPS was approximately $0.80–$0.81, exceeding the $0.79 consensus estimate and rising from $0.57 a year earlier. Glacier Bancorp Announces Third-Quarter Results
• Positive Sentiment: Efficiency initiatives support the outlook: Management outlined a 54% to 55% efficiency target while maintaining its fourth-quarter expense guidance of $187 million to $192 million. Meeting or improving these targets could support future earnings growth. Glacier Bancorp Efficiency Target and Expense Guidance
• Positive Sentiment: Strong year-over-year improvement: Earnings increased substantially from the prior-year quarter, with reported net margin of 19.72% and return on equity of 7.97%, reinforcing the positive earnings momentum. Glacier Bancorp Earnings Results
• Neutral Sentiment: Analysts and investors are reviewing third-quarter credit metrics, including reported net charge-offs, as part of evaluating the bank’s asset quality and risk outlook. Glacier Bancorp Net Charge-Offs
• Neutral Sentiment: A separate valuation analysis argues that GBCI may be about 25% undervalued based on excess-return assumptions, potentially supporting investor interest, although the estimate is model-dependent. Glacier Bancorp Valuation Analysis
• Negative Sentiment: Despite the earnings beat, quarterly revenue was reported at $333.42 million and was characterized in some coverage as below analyst expectations, limiting the strength of the overall results. Glacier Bancorp Revenue Report

Glacier Bancorp Profile

Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries, including Glacier Bank, the company provides financial services to individuals, families, businesses and community organizations across the Mountain West and Inland Northwest.

The company’s products and services include checking and savings accounts, certificates of deposit, consumer and residential mortgages, commercial and real estate lending, agricultural loans, cash-management services and online and mobile banking.