Ceredex Value Advisors LLC Makes New $13.49 Million Investment in Glacier Bancorp, Inc. $GBCI

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

A number of other hedge funds and other institutional investors have also made changes to their positions in GBCI. Assetmark Inc. boosted its stake in Glacier Bancorp by 33.9% in the 1st quarter. Assetmark Inc. now owns 813 shares of the company’s stock worth $36,000 after buying an additional 206 shares during the last quarter. Front Street Capital Management Inc. increased its stake in shares of Glacier Bancorp by 1.1% during the 4th quarter. Front Street Capital Management Inc. now owns 19,335 shares of the company’s stock valued at $852,000 after acquiring an additional 213 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Glacier Bancorp by 4.6% during the 4th quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock valued at $222,000 after acquiring an additional 221 shares during the last quarter. Global Retirement Partners LLC increased its stake 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 valued at $34,000 after acquiring an additional 223 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Glacier Bancorp by 1.2% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock worth $855,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 1.4%

NYSE GBCI opened at $47.26 on Friday. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 19.37 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.84 and a current ratio of 0.84. Glacier Bancorp, Inc. has a one year low of $39.90 and a one year high of $54.58. The company’s 50 day moving average price is $50.36 and its 200 day moving average price is $48.49.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The company had revenue of $320.94 million during the quarter. During the same period in the previous year, the company earned $0.57 EPS. On average, sell-side analysts predict that Glacier Bancorp, Inc. will post 3.11 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors 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 yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio is 54.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GBCI shares. Piper Sandler raised their target price 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. DA Davidson reiterated a “buy” rating and issued a $58.00 price target on shares of Glacier Bancorp in a report on Monday, July 27th. Finally, Stephens boosted their price objective 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 assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.