Physician Wealth Advisors Inc. Increases Stake in Glacier Bancorp, Inc. $GBCI

Physician Wealth Advisors Inc. increased its stake in Glacier Bancorp, Inc. (NYSE:GBCI) by 367,325.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,091 shares of the company’s stock after buying an additional 44,079 shares during the period. Physician Wealth Advisors Inc.’s holdings in Glacier Bancorp were worth $1,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GBCI. Natixis Advisors LLC lifted its stake in shares of Glacier Bancorp by 15.0% in the 3rd quarter. Natixis Advisors LLC now owns 562,404 shares of the company’s stock valued at $27,372,000 after purchasing an additional 73,545 shares during the period. American National Bank & Trust purchased a new stake in Glacier Bancorp in the fourth quarter worth $4,821,000. Capital International Investors grew its stake 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% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC lifted its position in Glacier Bancorp by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock valued at $146,736,000 after buying an additional 237,316 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” 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 report on Wednesday, April 22nd. DA Davidson boosted their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Stephens upped their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.17.

Glacier Bancorp Stock Performance

Shares of NYSE GBCI opened at $52.77 on Thursday. The firm’s 50-day moving average price is $48.46 and its 200-day moving average price is $47.52. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $53.99. The company has a market cap of $6.87 billion, a PE ratio of 24.66 and a beta of 0.74. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The firm had revenue of $309.61 million during the quarter. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, analysts anticipate that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Announces Dividend

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

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.