Vaughan Nelson Investment Management L.P. Acquires New Holdings in Glacier Bancorp, Inc. $GBCI

Vaughan Nelson Investment Management L.P. bought a new position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 743,170 shares of the company’s stock, valued at approximately $33,197,000.

Several other hedge funds have also recently bought and sold shares of GBCI. AQR Capital Management LLC boosted its holdings in shares of Glacier Bancorp by 30.9% in the first quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock valued at $1,358,000 after buying an additional 7,359 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Glacier Bancorp by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock worth $59,799,000 after acquiring an additional 73,756 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Glacier Bancorp by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock worth $15,587,000 after acquiring an additional 26,157 shares during the period. EverSource Wealth Advisors LLC lifted its position in Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Glacier Bancorp in the 2nd quarter valued at $2,011,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Stock Up 1.3%

Glacier Bancorp stock opened at $49.06 on Tuesday. The firm has a market capitalization of $6.38 billion, a PE ratio of 22.92 and a beta of 0.74. The company’s 50-day moving average is $48.05 and its 200-day moving average is $47.12. Glacier Bancorp, Inc. has a fifty-two week low of $39.90 and a fifty-two week high of $53.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83.

Glacier Bancorp (NYSE:GBCI) last issued its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The business had revenue of $309.61 million during the quarter. During the same quarter last year, the business posted $0.48 earnings per share. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were paid a $0.33 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $1.32 annualized dividend and a yield of 2.7%. Glacier Bancorp’s dividend payout ratio is currently 61.68%.

Wall Street Analyst Weigh In

GBCI has been the subject of a number of research reports. Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Piper Sandler upped their target price on Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Stephens raised their price target on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, DA Davidson upped their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $55.17.

Glacier Bancorp 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.