Xponance Inc. Purchases 326 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Xponance Inc. raised its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,355 shares of the bank’s stock after acquiring an additional 326 shares during the period. Xponance Inc.’s holdings in Glacier Bancorp were worth $676,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Glacier Bancorp by 409.4% in the fourth quarter. Allworth Financial LP now owns 596 shares of the bank’s stock valued at $25,000 after buying an additional 479 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Glacier Bancorp in the fourth quarter valued at approximately $28,000. Selway Asset Management acquired a new stake in shares of Glacier Bancorp in the third quarter valued at approximately $47,000. Allspring Global Investments Holdings LLC raised its position in shares of Glacier Bancorp by 14.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,257 shares of the bank’s stock valued at $93,000 after buying an additional 413 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in shares of Glacier Bancorp in the fourth quarter valued at approximately $213,000. Institutional investors own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

GBCI has been the subject of a number of analyst reports. Truist Financial dropped their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. DA Davidson lowered their price objective on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Stephens lowered their price objective on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday. Raymond James boosted their price objective on shares of Glacier Bancorp from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.40.

Glacier Bancorp Stock Down 0.7 %

Shares of NASDAQ:GBCI opened at $37.14 on Friday. The company has a fifty day moving average of $37.88 and a 200-day moving average of $36.88. The company has a market capitalization of $4.21 billion, a PE ratio of 21.22 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 0.79. Glacier Bancorp, Inc. has a 52-week low of $26.77 and a 52-week high of $44.06.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $196.47 million for the quarter, compared to analyst estimates of $202.66 million. Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. On average, equities analysts predict that Glacier Bancorp, Inc. will post 1.68 EPS for the current fiscal year.

Glacier Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, April 8th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.10. This represents a $1.32 annualized dividend and a dividend yield of 3.55%. Glacier Bancorp’s dividend payout ratio is 75.43%.

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.