Dynamic Advisor Solutions LLC Sells 19,611 Shares of Glacier Bancorp, Inc. $GBCI

Dynamic Advisor Solutions LLC decreased its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 37.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,469 shares of the company’s stock after selling 19,611 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Glacier Bancorp were worth $1,675,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Root Financial Partners LLC grew its position in Glacier Bancorp by 122.5% in the 1st quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Glacier Bancorp during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 490 shares in the last quarter. Global Retirement Partners LLC raised its position in Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after buying an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Glacier Bancorp during the 4th quarter valued at $35,000. 80.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GBCI. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. DA Davidson restated a “buy” rating and issued a $58.00 price objective on shares of Glacier Bancorp in a research note on Monday, July 27th. Piper Sandler boosted their price target 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, Stephens boosted 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. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.17.

Glacier Bancorp Stock Up 0.5%

Shares of NYSE GBCI opened at $48.73 on Friday. The business has a 50-day simple moving average of $50.06 and a two-hundred day simple moving average of $48.50. Glacier Bancorp, Inc. has a 52 week low of $39.90 and a 52 week high of $54.58. The company has a market cap of $6.35 billion, a P/E ratio of 19.97 and a beta of 0.74. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last posted its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $320.94 million for the quarter. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. During the same quarter in the prior year, the company earned $0.57 earnings per share. Research analysts anticipate that Glacier Bancorp, Inc. will post 3.11 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.7%. Glacier Bancorp’s dividend payout ratio is currently 54.10%.

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.