Glacier Bancorp, Inc. $GBCI Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Glacier Bancorp, Inc. (NYSE:GBCI) by 55.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,943 shares of the company’s stock after buying an additional 38,145 shares during the period. Wellington Management Group LLP’s holdings in Glacier Bancorp were worth $5,516,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Glacier Bancorp by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 3,330,658 shares of the company’s stock worth $146,736,000 after buying an additional 237,316 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Glacier Bancorp by 881.8% during the 4th quarter. Hsbc Holdings PLC now owns 43,453 shares of the company’s stock valued at $1,919,000 after acquiring an additional 39,027 shares in the last quarter. NFJ Investment Group LLC bought a new position in Glacier Bancorp during the second quarter worth $40,129,000. Fifth Third Bancorp boosted its holdings in Glacier Bancorp by 2,984.7% in the first quarter. Fifth Third Bancorp now owns 39,978 shares of the company’s stock worth $1,786,000 after purchasing an additional 38,682 shares during the period. Finally, Idaho Trust Co bought a new stake in Glacier Bancorp during the second quarter valued at $14,336,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GBCI. DA Davidson restated a “buy” rating and issued a $58.00 price target on shares of Glacier Bancorp in a research report on Monday, July 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.17.

Glacier Bancorp Trading Down 1.1%

NYSE:GBCI opened at $45.71 on Thursday. The firm has a market capitalization of $5.95 billion, a P/E ratio of 18.73 and a beta of 0.72. The business has a 50 day simple moving average of $49.40 and a 200 day simple moving average of $48.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. Glacier Bancorp, Inc. has a 12-month low of $39.90 and a 12-month high of $54.58.

Glacier Bancorp (NYSE:GBCI) last posted its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.The company had revenue of $320.94 million for the quarter. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities research analysts predict that Glacier Bancorp, Inc. will post 3.11 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were given a $0.33 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.9%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 54.10%.

Insider Transactions at Glacier Bancorp

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

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.