Northwestern Mutual Wealth Management Co. Makes New $647,000 Investment in Glacier Bancorp, Inc. $GBCI

Northwestern Mutual Wealth Management Co. bought a new position in Glacier Bancorp, Inc. (NYSE:GBCI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,537 shares of the company’s stock, valued at approximately $647,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $29,000 after purchasing an additional 359 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in Glacier Bancorp in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Glacier Bancorp by 218.8% during the 2nd 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 lifted its position in shares of Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after buying an additional 223 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Glacier Bancorp during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

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

Glacier Bancorp Trading Down 0.2%

Shares of GBCI stock opened at $47.26 on Thursday. The company has a 50 day moving average of $50.20 and a 200-day moving average of $48.35. 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, Inc. has a 12-month low of $39.90 and a 12-month high of $54.58. The firm has a market cap of $6.15 billion, a P/E ratio of 19.37 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.The business had revenue of $320.94 million for the quarter. During the same quarter in the previous year, the company posted $0.57 EPS. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.11 earnings per share for the current 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 given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 7th. 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.