261,600 Shares in Glacier Bancorp, Inc. $GBCI Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC bought a new position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 261,600 shares of the company’s stock, valued at approximately $13,493,000. Ceredex Value Advisors LLC owned 0.20% of Glacier Bancorp at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in shares of Glacier Bancorp by 30.9% in the 1st quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock worth $1,358,000 after acquiring an additional 7,359 shares during the period. Goldman Sachs Group Inc. raised its holdings in Glacier Bancorp by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock worth $59,799,000 after purchasing an additional 73,756 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Glacier Bancorp by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock worth $15,587,000 after purchasing an additional 26,157 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Glacier Bancorp during the second quarter worth $2,011,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Down 1.4%

Shares of NYSE:GBCI opened at $47.26 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.15 billion, a P/E ratio of 19.37 and a beta of 0.74. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $54.58. The stock’s fifty day simple moving average is $50.36 and its 200-day simple moving average is $48.49.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.The firm had revenue of $320.94 million during the quarter. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, equities research analysts forecast that Glacier Bancorp, Inc. will post 3.11 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th were issued a dividend of $0.33 per share. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. Glacier Bancorp’s payout ratio is 54.10%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stephens raised their price target on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Piper Sandler boosted their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Finally, DA Davidson restated a “buy” rating and set a $58.00 target price on shares of Glacier Bancorp in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Glacier Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $55.17.

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.