Hsbc Holdings PLC Increases Stake in Glacier Bancorp, Inc. $GBCI

Hsbc Holdings PLC increased its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 881.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,453 shares of the company’s stock after purchasing an additional 39,027 shares during the period. Hsbc Holdings PLC’s holdings in Glacier Bancorp were worth $1,919,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Glacier Bancorp in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after acquiring an additional 490 shares during the period. Global Retirement Partners LLC raised its position in Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Glacier Bancorp in the fourth quarter worth $35,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Glacier Bancorp in the third quarter valued at $40,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GBCI shares. Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Stephens raised 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. Piper Sandler boosted their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, DA Davidson upped their target price on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Glacier Bancorp has an average rating of “Hold” and a consensus price target of $55.17.

Glacier Bancorp Price Performance

GBCI traded up $0.10 during midday trading on Friday, reaching $51.43. 909,229 shares of the company’s stock were exchanged, compared to its average volume of 1,276,245. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $53.99. The stock has a market capitalization of $6.69 billion, a PE ratio of 24.03 and a beta of 0.72. 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’s 50-day moving average price is $48.82 and its 200 day moving average price is $47.83.

Glacier Bancorp (NYSE:GBCI) last released 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. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The business had revenue of $309.61 million for the quarter. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, equities analysts anticipate that Glacier Bancorp, Inc. will post 3.16 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.6%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 61.68%.

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.