Gallagher Fiduciary Advisors LLC Purchases Shares of 13,789 Glacier Bancorp, Inc. $GBCI

Gallagher Fiduciary Advisors LLC acquired a new position in Glacier Bancorp, Inc. (NYSE:GBCI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,789 shares of the company’s stock, valued at approximately $711,000.

A number of other institutional investors also recently made changes to their positions in GBCI. Man Group plc bought a new position in shares of Glacier Bancorp during the 2nd quarter valued at $886,000. Jupiter Topco LLC purchased a new stake in Glacier Bancorp during the second quarter valued at about $48,377,000. Hsbc Holdings PLC bought a new position in shares of Glacier Bancorp during the second quarter valued at about $260,000. Legal & General Group Plc bought a new position in shares of Glacier Bancorp during the second quarter valued at about $9,236,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Glacier Bancorp in the second quarter worth about $14,849,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on GBCI shares. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 5th. Stephens lifted their price target on Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, DA Davidson reissued a “buy” rating and set a $58.00 price objective on shares of Glacier Bancorp in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $55.17.

Glacier Bancorp Stock Performance

Glacier Bancorp stock opened at $47.35 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.17 billion, a P/E ratio of 19.41 and a beta of 0.74. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $54.58. The firm has a 50-day moving average of $50.22 and a 200-day moving average of $48.39.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.The company had revenue of $320.94 million for the quarter. During the same quarter in the prior year, the firm earned $0.57 EPS. Sell-side analysts expect that Glacier Bancorp, Inc. will post 3.11 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, July 7th. Glacier Bancorp’s dividend payout ratio is currently 54.10%.

Glacier Bancorp Company Profile

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.