Glacier Bancorp, Inc. $GBCI Shares Acquired by Inspire Investing LLC

Inspire Investing LLC boosted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 15.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,003 shares of the bank’s stock after acquiring an additional 1,227 shares during the quarter. Inspire Investing LLC’s holdings in Glacier Bancorp were worth $388,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Glacier Bancorp in the 2nd quarter valued at $26,000. eCIO Inc. acquired a new stake in Glacier Bancorp in the 1st quarter valued at $33,000. JNBA Financial Advisors acquired a new stake in Glacier Bancorp in the 1st quarter valued at $35,000. UMB Bank n.a. grew its stake in Glacier Bancorp by 56.1% in the 2nd quarter. UMB Bank n.a. now owns 1,308 shares of the bank’s stock valued at $56,000 after acquiring an additional 470 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Glacier Bancorp by 252.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,001 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Insider Activity at Glacier Bancorp

In other news, insider Lee Kenneth Groom sold 800 shares of Glacier Bancorp stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $44.24, for a total transaction of $35,392.00. Following the transaction, the insider owned 11,918 shares in the company, valued at $527,252.32. The trade was a 6.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.53% of the stock is currently owned by corporate insiders.

Glacier Bancorp Trading Down 2.2%

Shares of GBCI opened at $47.97 on Thursday. Glacier Bancorp, Inc. has a 52-week low of $36.76 and a 52-week high of $60.67. 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 firm’s fifty day moving average is $47.91 and its two-hundred day moving average is $44.40. The stock has a market cap of $5.69 billion, a PE ratio of 28.73 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI) last posted 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 return on equity of 5.98% and a net margin of 14.99%.During the same period in the previous year, the business posted $0.39 EPS. Research analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, October 7th. Glacier Bancorp’s payout ratio is currently 68.75%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Raymond James Financial set a $55.00 price target on shares of Glacier Bancorp and gave the company an “outperform” rating in a research note on Tuesday, October 7th. DA Davidson restated a “buy” rating and issued a $50.00 price objective on shares of Glacier Bancorp in a report on Wednesday, June 25th. Piper Sandler lifted their target price on shares of Glacier Bancorp from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Glacier Bancorp from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Glacier Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

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.