Barclays PLC Has $11.32 Million Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Barclays PLC increased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 65.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 247,717 shares of the bank’s stock after purchasing an additional 98,158 shares during the period. Barclays PLC’s holdings in Glacier Bancorp were worth $11,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. LMR Partners LLP bought a new position in shares of Glacier Bancorp during the 3rd quarter worth approximately $543,000. BNP Paribas Financial Markets boosted its holdings in Glacier Bancorp by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock worth $2,111,000 after purchasing an additional 19,814 shares during the last quarter. &PARTNERS increased its stake in Glacier Bancorp by 134.1% in the 2nd quarter. &PARTNERS now owns 57,563 shares of the bank’s stock valued at $2,148,000 after buying an additional 32,969 shares during the last quarter. Natixis Advisors LLC lifted its position in Glacier Bancorp by 30.9% during the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after buying an additional 78,107 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Glacier Bancorp by 4.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,056 shares of the bank’s stock worth $1,191,000 after buying an additional 1,112 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

GBCI has been the subject of several recent analyst reports. Truist Financial increased their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Raymond James raised their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler raised their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.83.

Glacier Bancorp Trading Down 0.6 %

Shares of GBCI stock opened at $54.40 on Tuesday. The company has a market cap of $6.17 billion, a P/E ratio of 33.58 and a beta of 0.79. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The stock has a 50 day simple moving average of $53.50 and a two-hundred day simple moving average of $45.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The company had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same quarter in the previous year, the company earned $0.47 EPS. Research analysts forecast that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Tuesday, December 10th. Glacier Bancorp’s payout ratio is 81.48%.

Glacier Bancorp Company 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.