20,222 Glacier Bancorp, Inc. $GBCI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 19.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,089 shares of the company’s stock after selling 20,222 shares during the quarter. Sterling Capital Management LLC owned about 0.06% of Glacier Bancorp worth $3,589,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in Glacier Bancorp in the second quarter worth about $913,766,000. Bank of America Corp DE bought a new position in shares of Glacier Bancorp during the 2nd quarter valued at about $62,719,000. Madison Asset Management LLC bought a new position in shares of Glacier Bancorp during the 2nd quarter valued at about $59,048,000. Bank of New York Mellon Corp bought a new position in shares of Glacier Bancorp during the 2nd quarter valued at about $55,775,000. Finally, Jupiter Topco LLC acquired a new position in shares of Glacier Bancorp in the 2nd quarter worth approximately $48,377,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 4.1%

Shares of NYSE GBCI opened at $47.89 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. Glacier Bancorp, Inc. has a 12 month low of $39.90 and a 12 month high of $54.58. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 17.94 and a beta of 0.77. The business has a fifty day simple moving average of $45.27 and a 200-day simple moving average of $47.80.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $333.42 million for the quarter. Glacier Bancorp had a return on equity of 8.42% and a net margin of 21.24%. During the same period in the prior year, the business posted $0.57 EPS. Sell-side analysts predict that Glacier Bancorp, Inc. will post 3.10 EPS for the current year.

Glacier Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, October 6th were issued a $0.35 dividend. The ex-dividend date was Tuesday, October 6th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. Glacier Bancorp’s dividend payout ratio is 52.43%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GBCI shares. DA Davidson reiterated a “buy” rating and issued a $58.00 target price on shares of Glacier Bancorp in a report on Monday, July 27th. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Four equities 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $56.40.

Insider Activity at Glacier Bancorp

In other news, Chairman Craig Langel bought 2,250 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $47.04 per share, for a total transaction of $105,840.00. Following the completion of the acquisition, the chairman directly owned 98,684 shares in the company, valued at $4,642,095.36. This represents a 2.33% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.

Key Headlines Impacting Glacier Bancorp

Here are the key news stories impacting Glacier Bancorp this week:

• Positive Sentiment: Record quarterly profit: Third-quarter net income reached $105 million, up 54% year over year and 7% sequentially. Diluted EPS was approximately $0.80–$0.81, exceeding the $0.79 consensus estimate and rising from $0.57 a year earlier. Glacier Bancorp Announces Third-Quarter Results
• Positive Sentiment: Efficiency initiatives support the outlook: Management outlined a 54% to 55% efficiency target while maintaining its fourth-quarter expense guidance of $187 million to $192 million. Meeting or improving these targets could support future earnings growth. Glacier Bancorp Efficiency Target and Expense Guidance
• Positive Sentiment: Strong year-over-year improvement: Earnings increased substantially from the prior-year quarter, with reported net margin of 19.72% and return on equity of 7.97%, reinforcing the positive earnings momentum. Glacier Bancorp Earnings Results
• Neutral Sentiment: Analysts and investors are reviewing third-quarter credit metrics, including reported net charge-offs, as part of evaluating the bank’s asset quality and risk outlook. Glacier Bancorp Net Charge-Offs
• Neutral Sentiment: A separate valuation analysis argues that GBCI may be about 25% undervalued based on excess-return assumptions, potentially supporting investor interest, although the estimate is model-dependent. Glacier Bancorp Valuation Analysis
• Negative Sentiment: Despite the earnings beat, quarterly revenue was reported at $333.42 million and was characterized in some coverage as below analyst expectations, limiting the strength of the overall results. Glacier Bancorp Revenue Report

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries, including Glacier Bank, the company provides financial services to individuals, families, businesses and community organizations across the Mountain West and Inland Northwest.

The company’s products and services include checking and savings accounts, certificates of deposit, consumer and residential mortgages, commercial and real estate lending, agricultural loans, cash-management services and online and mobile banking.