Geode Capital Management LLC Has $146.74 Million Stake in Glacier Bancorp, Inc. $GBCI

Geode Capital Management LLC boosted its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,330,658 shares of the company’s stock after acquiring an additional 237,316 shares during the period. Geode Capital Management LLC’s holdings in Glacier Bancorp were worth $146,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Glacier Bancorp by 218.8% during the 2nd 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 last quarter. Global Retirement Partners LLC lifted its position in Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Glacier Bancorp during the 3rd quarter worth $40,000. CIBC Private Wealth Group LLC lifted its position in Glacier Bancorp by 1,176.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock worth $62,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Glacier Bancorp by 219.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock worth $79,000 after acquiring an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on GBCI shares. Stephens boosted their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Brean Capital lowered shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Piper Sandler boosted their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. DA Davidson boosted 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. Finally, Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.17.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock opened at $47.22 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 22.07 and a beta of 0.74. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $53.99. The firm’s 50-day moving average price is $47.32 and its two-hundred day moving average price is $46.56.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping 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 firm had revenue of $309.61 million for the quarter. During the same period in the prior year, the company posted $0.48 earnings per share. On average, equities analysts predict that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

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

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.