Vaughan Nelson Investment Management L.P. Invests $33.20 Million in Glacier Bancorp, Inc. $GBCI

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 743,170 shares of the company’s stock, valued at approximately $33,197,000. Vaughan Nelson Investment Management L.P. owned about 0.57% of Glacier Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC raised its position in shares of Glacier Bancorp by 15.0% during the third quarter. Natixis Advisors LLC now owns 562,404 shares of the company’s stock worth $27,372,000 after acquiring an additional 73,545 shares during the last quarter. American National Bank & Trust bought a new position in Glacier Bancorp in the fourth quarter valued at about $4,821,000. Capital International Investors increased its position in Glacier Bancorp by 17.1% in the third quarter. Capital International Investors now owns 1,742,780 shares of the company’s stock worth $84,821,000 after purchasing an additional 254,514 shares during the period. Deprince Race & Zollo Inc. raised its holdings in Glacier Bancorp by 30.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock worth $73,229,000 after purchasing an additional 390,366 shares during the last quarter. Finally, Jain Global LLC raised its holdings in Glacier Bancorp by 81.2% during the 3rd quarter. Jain Global LLC now owns 192,569 shares of the company’s stock worth $9,372,000 after purchasing an additional 86,271 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GBCI. Stephens raised their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. DA Davidson increased their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Finally, Piper Sandler lifted 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. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.17.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $49.06 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.38 billion, a P/E ratio of 22.92 and a beta of 0.74. The business has a 50-day moving average of $48.05 and a 200-day moving average of $47.12. Glacier Bancorp, Inc. has a 1 year low of $39.90 and a 1 year high of $53.99.

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

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is presently 61.68%.

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.