GW&K Investment Management LLC Raises Stake in Glacier Bancorp, Inc. $GBCI

GW&K Investment Management LLC raised its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,332,461 shares of the company’s stock after purchasing an additional 181,903 shares during the quarter. GW&K Investment Management LLC’s holdings in Glacier Bancorp were worth $58,695,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC increased its position in Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Global Retirement Partners LLC raised its stake in 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. Measured Wealth Private Client Group LLC purchased a new stake in Glacier Bancorp during the 3rd quarter valued at approximately $40,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Glacier Bancorp by 1,176.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock valued at $62,000 after purchasing an additional 1,165 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Up 1.4%

GBCI opened at $47.76 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $47.51 and a 200-day simple moving average of $46.71. The stock has a market capitalization of $6.22 billion, a P/E ratio of 22.32 and a beta of 0.74. Glacier Bancorp, Inc. has a 12 month low of $39.90 and a 12 month high of $53.99.

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

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 61.68%.

Wall Street Analyst Weigh In

GBCI has been the topic of a number of recent research reports. Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Brean Capital lowered shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. DA Davidson boosted their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Janney Montgomery Scott began coverage on shares of Glacier Bancorp in a research note on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.17.

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.