Onyx Financial Advisors LLC Purchases New Holdings in Glacier Bancorp, Inc. $GBCI

Onyx Financial Advisors LLC purchased a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 76,355 shares of the bank’s stock, valued at approximately $3,289,000. Glacier Bancorp accounts for approximately 1.6% of Onyx Financial Advisors LLC’s portfolio, making the stock its 7th largest position.

Several other large investors have also bought and sold shares of GBCI. Ameritas Advisory Services LLC bought a new stake in shares of Glacier Bancorp in the second quarter worth approximately $26,000. eCIO Inc. bought a new stake in Glacier Bancorp during the first quarter valued at approximately $33,000. JNBA Financial Advisors bought a new stake in Glacier Bancorp during the first quarter valued at approximately $35,000. UMB Bank n.a. boosted its position in shares of Glacier Bancorp by 114.9% in the first quarter. UMB Bank n.a. now owns 838 shares of the bank’s stock worth $37,000 after purchasing an additional 448 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Glacier Bancorp by 252.1% in the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank’s stock worth $62,000 after purchasing an additional 1,001 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on GBCI shares. DA Davidson reissued a “buy” rating and issued a $50.00 target price on shares of Glacier Bancorp in a report on Wednesday, June 25th. Keefe, Bruyette & Woods upped their price target on shares of Glacier Bancorp from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Piper Sandler boosted their price objective on shares of Glacier Bancorp from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 price objective (up previously from $45.00) on shares of Glacier Bancorp in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.50.

Glacier Bancorp Stock Up 2.0%

Shares of Glacier Bancorp stock opened at $48.27 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp, Inc. has a 1 year low of $36.76 and a 1 year high of $60.67. The firm’s 50-day moving average is $47.39 and its two-hundred day moving average is $44.24. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 28.90 and a beta of 0.82.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.45 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.04). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the business earned $0.39 EPS. As a group, research analysts expect that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 7th. Glacier Bancorp’s dividend payout ratio is presently 68.75%.

Insider Activity at Glacier Bancorp

In related news, insider Lee Kenneth Groom sold 800 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $44.24, for a total value of $35,392.00. Following the completion of the transaction, the insider directly owned 11,918 shares of the company’s stock, valued at $527,252.32. This trade represents a 6.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.53% of the company’s stock.

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.