Atria Investments Inc Boosts Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Atria Investments Inc increased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,643 shares of the bank’s stock after purchasing an additional 2,214 shares during the period. Atria Investments Inc’s holdings in Glacier Bancorp were worth $669,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in Glacier Bancorp in the first quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in Glacier Bancorp in the second quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in Glacier Bancorp by 96.9% in the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after buying an additional 772 shares in the last quarter. SG Americas Securities LLC purchased a new position in Glacier Bancorp in the first quarter valued at about $216,000. Finally, Intech Investment Management LLC purchased a new position in Glacier Bancorp in the second quarter valued at about $207,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on GBCI shares. Truist Financial increased their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Raymond James raised their price objective on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Piper Sandler raised their price objective on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Glacier Bancorp has an average rating of “Hold” and an average target price of $46.20.

Glacier Bancorp Stock Down 1.1 %

Shares of NASDAQ GBCI opened at $55.85 on Wednesday. Glacier Bancorp, Inc. has a 1 year low of $32.00 and a 1 year high of $59.19. The firm’s 50 day moving average price is $48.94 and its 200 day moving average price is $43.31. The firm has a market cap of $6.33 billion, a P/E ratio of 34.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The firm had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. During the same quarter last year, the business earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 1.67 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.36%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 81.48%.

About Glacier Bancorp

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.