Physician Wealth Advisors Inc. Purchases 44,079 Shares of Glacier Bancorp, Inc. $GBCI

Physician Wealth Advisors Inc. boosted its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 367,325.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,091 shares of the company’s stock after purchasing an additional 44,079 shares during the period. Physician Wealth Advisors Inc.’s holdings in Glacier Bancorp were worth $1,970,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC boosted its holdings in shares of Glacier Bancorp by 122.5% in the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock worth $29,000 after buying an additional 359 shares during the last quarter. Deprince Race & Zollo Inc. grew its position in Glacier Bancorp by 13.4% during the first quarter. Deprince Race & Zollo Inc. now owns 1,885,725 shares of the company’s stock valued at $84,235,000 after buying an additional 223,318 shares during the period. Inspire Investing LLC increased its holdings in Glacier Bancorp by 8.0% during the first quarter. Inspire Investing LLC now owns 11,423 shares of the company’s stock valued at $510,000 after buying an additional 842 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Glacier Bancorp by 4.9% in the first quarter. Pictet Asset Management Holding SA now owns 20,524 shares of the company’s stock worth $917,000 after acquiring an additional 962 shares during the period. Finally, Davidson Trust Co. boosted its stake in shares of Glacier Bancorp by 1.0% during the 1st quarter. Davidson Trust Co. now owns 72,170 shares of the company’s stock worth $3,224,000 after acquiring an additional 712 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

Shares of NYSE:GBCI opened at $52.77 on Thursday. The company has a market capitalization of $6.87 billion, a P/E ratio of 24.66 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 firm’s 50 day simple moving average is $48.46 and its two-hundred day simple moving average is $47.52. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data 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 firm had revenue of $309.61 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period last year, the company earned $0.48 earnings per share. Research analysts expect that Glacier Bancorp, Inc. will post 3.16 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, July 7th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.5%. Glacier Bancorp’s dividend payout ratio is currently 61.68%.

Wall Street Analysts Forecast Growth

GBCI has been the subject of a number of recent research reports. DA Davidson boosted their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Piper Sandler lifted 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. Stephens boosted their price target on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently 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.