Glacier Bancorp, Inc. $GBCI Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 1,293.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,296 shares of the company’s stock after purchasing an additional 238,833 shares during the quarter. Quantinno Capital Management LP’s holdings in Glacier Bancorp were worth $11,493,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GBCI. Root Financial Partners LLC grew its position in Glacier Bancorp by 122.5% during the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after buying an additional 359 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Glacier Bancorp during the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 490 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Glacier Bancorp in the 4th quarter worth about $35,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on GBCI shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Glacier Bancorp in a report on Monday, July 20th. DA Davidson reiterated a “buy” rating and set a $58.00 target price on shares of Glacier Bancorp in a research report on Monday, July 27th. Piper Sandler lifted their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Stephens boosted their price target 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 equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.17.

Glacier Bancorp Stock Performance

NYSE GBCI opened at $50.44 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $49.93 and its 200-day simple moving average is $48.45. The company has a market cap of $6.56 billion, a PE ratio of 20.67 and a beta of 0.74. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $54.58.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The firm had revenue of $320.94 million during the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same quarter in the previous year, the firm posted $0.57 earnings per share. As a group, equities research analysts anticipate that Glacier Bancorp, Inc. will post 3.15 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio is 54.10%.

About Glacier Bancorp

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.