Glacier Bancorp, Inc. $GBCI Shares Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.3% in the 2nd quarter, Holdings Channel reports. The fund owned 675,369 shares of the bank’s stock after purchasing an additional 51,555 shares during the period. Westwood Holdings Group Inc.’s holdings in Glacier Bancorp were worth $29,095,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new position in shares of Glacier Bancorp in the second quarter valued at $26,000. EverSource Wealth Advisors LLC increased its stake in Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the bank’s stock worth $31,000 after buying an additional 490 shares during the period. eCIO Inc. acquired a new position in Glacier Bancorp in the 1st quarter worth $33,000. UMB Bank n.a. lifted its holdings in Glacier Bancorp by 56.1% in the 2nd quarter. UMB Bank n.a. now owns 1,308 shares of the bank’s stock worth $56,000 after buying an additional 470 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Glacier Bancorp in the 1st quarter valued at about $121,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Raymond James Financial dropped their target price on Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Keefe, Bruyette & Woods upgraded Glacier Bancorp from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Monday. DA Davidson reiterated a “buy” rating and set a $58.00 target price on shares of Glacier Bancorp in a research note on Wednesday, November 12th. Finally, Piper Sandler reissued a “neutral” rating and set a $50.00 price target on shares of Glacier Bancorp in a research report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Glacier Bancorp presently has an average rating of “Buy” and a consensus price target of $52.00.

Insider Buying and Selling at Glacier Bancorp

In other Glacier Bancorp news, insider Ryan Thomas Screnar bought 979 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were purchased at an average price of $41.88 per share, with a total value of $41,000.52. Following the completion of the acquisition, the insider directly owned 10,842 shares of the company’s stock, valued at approximately $454,062.96. The trade was a 9.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Ron J. Copher bought 2,400 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was bought at an average price of $41.17 per share, with a total value of $98,808.00. Following the completion of the purchase, the chief financial officer owned 96,626 shares of the company’s stock, valued at $3,978,092.42. This trade represents a 2.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 8,852 shares of company stock valued at $364,484. Corporate insiders own 0.53% of the company’s stock.

Glacier Bancorp Trading Down 0.8%

Shares of NASDAQ GBCI opened at $43.99 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $43.27 and its two-hundred day moving average price is $44.84. Glacier Bancorp, Inc. has a 52-week low of $36.76 and a 52-week high of $55.38. The stock has a market capitalization of $5.72 billion, a P/E ratio of 26.34 and a beta of 0.78.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 16th. The bank reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period in the prior year, the company earned $0.46 earnings per share. On average, analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, December 9th. Glacier Bancorp’s dividend payout ratio is 64.71%.

Glacier Bancorp Profile

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.