14,775 Shares in Glacier Bancorp, Inc. $GBCI Purchased by Carroll Advisory Group LLC

Carroll Advisory Group LLC bought a new position in Glacier Bancorp, Inc. (NYSE:GBCI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,775 shares of the company’s stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Global Retirement Partners LLC raised its holdings in shares of Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Glacier Bancorp by 9.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,706 shares of the company’s stock worth $163,000 after acquiring an additional 306 shares during the last quarter. Ethic Inc. raised its holdings in shares of Glacier Bancorp by 5.9% in the 4th quarter. Ethic Inc. now owns 6,917 shares of the company’s stock worth $305,000 after acquiring an additional 386 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Glacier Bancorp by 1.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 21,642 shares of the company’s stock worth $932,000 after acquiring an additional 394 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of Glacier Bancorp by 2.5% in the 3rd quarter. Xponance Inc. now owns 16,872 shares of the company’s stock worth $821,000 after acquiring an additional 418 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.3%

Shares of GBCI stock opened at $47.67 on Friday. The company has a 50 day moving average of $46.66 and a 200-day moving average of $46.19. The company has a quick ratio of 0.83, a current ratio of 0.83 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 $53.99. The firm has a market cap of $6.20 billion, a P/E ratio of 22.27 and a beta of 0.76.

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 the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The company had revenue of $309.61 million during the quarter. During the same quarter in the previous year, the business earned $0.48 EPS. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 61.68%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens upped their target price 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. Keefe, Bruyette & Woods restated an “underperform” rating on shares of Glacier Bancorp in a report on Monday, January 26th. Janney Montgomery Scott assumed coverage on shares of Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Piper Sandler upped their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Brean Capital lowered shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.17.

Glacier Bancorp Company 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.