Allied Investment Advisors LLC Buys 643 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Allied Investment Advisors LLC grew its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,831 shares of the bank’s stock after buying an additional 643 shares during the period. Allied Investment Advisors LLC’s holdings in Glacier Bancorp were worth $678,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in Glacier Bancorp by 60.3% in the first quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after purchasing an additional 724,089 shares during the last quarter. Capital International Investors boosted its holdings in Glacier Bancorp by 45.1% during the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock valued at $75,326,000 after acquiring an additional 566,513 shares during the period. Clifford Capital Partners LLC grew its position in Glacier Bancorp by 2,389.9% during the 1st quarter. Clifford Capital Partners LLC now owns 300,109 shares of the bank’s stock worth $12,088,000 after acquiring an additional 288,056 shares during the last quarter. Millennium Management LLC increased its stake in Glacier Bancorp by 131.9% in the 2nd quarter. Millennium Management LLC now owns 477,154 shares of the bank’s stock worth $17,807,000 after purchasing an additional 271,398 shares during the period. Finally, Sei Investments Co. lifted its position in Glacier Bancorp by 123.9% in the second quarter. Sei Investments Co. now owns 332,062 shares of the bank’s stock valued at $12,393,000 after purchasing an additional 183,757 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Insider Activity

In other Glacier Bancorp news, CAO Don J. Chery sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $45.49, for a total value of $45,490.00. Following the sale, the chief accounting officer now owns 52,539 shares in the company, valued at approximately $2,389,999.11. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Glacier Bancorp news, Director Annie M. Goodwin sold 5,619 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the sale, the director now directly owns 9,402 shares in the company, valued at approximately $418,859.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Don J. Chery sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the transaction, the chief accounting officer now owns 52,539 shares in the company, valued at approximately $2,389,999.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GBCI. Raymond James raised their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial boosted their price objective on shares of Glacier Bancorp from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, Piper Sandler reiterated a “neutral” rating and set a $38.00 target price on shares of Glacier Bancorp in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.20.

Glacier Bancorp Trading Up 2.0 %

Shares of NASDAQ:GBCI traded up $0.90 on Friday, hitting $45.57. The company had a trading volume of 414,157 shares, compared to its average volume of 652,437. The firm’s 50-day simple moving average is $44.26 and its two-hundred day simple moving average is $40.22. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. Glacier Bancorp, Inc. has a 1 year low of $28.55 and a 1 year high of $47.71.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $306.04 million for the quarter, compared to analysts’ expectations of $204.43 million. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. During the same period in the previous year, the firm posted $0.50 EPS. Equities analysts anticipate that Glacier Bancorp, Inc. will post 1.62 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.90%. The ex-dividend date is Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio is currently 75.43%.

Glacier Bancorp Company 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.