World Investment Advisors Purchases 34,764 Shares of Glacier Bancorp, Inc. $GBCI

World Investment Advisors boosted its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 615.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,414 shares of the company’s stock after purchasing an additional 34,764 shares during the quarter. World Investment Advisors’ holdings in Glacier Bancorp were worth $1,805,000 at the end of the most recent reporting period.

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

Glacier Bancorp Stock Down 1.0%

NYSE:GBCI opened at $52.01 on Wednesday. Glacier Bancorp, Inc. has a one year low of $39.90 and a one year high of $53.99. 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 company has a market cap of $6.77 billion, a PE ratio of 24.30 and a beta of 0.72. The firm’s 50 day simple moving average is $48.70 and its 200 day simple moving average is $47.73.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The company had revenue of $309.61 million during the quarter. During the same quarter last year, the business earned $0.48 earnings per share. On average, research analysts anticipate that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, July 7th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio is 61.68%.

Wall Street Analyst Weigh In

A number of research firms recently commented on GBCI. Piper Sandler boosted their price target on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. DA Davidson raised their target price on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 27th. Stephens boosted their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.17.

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.