KBC Group NV Has $3.01 Million Stock Position in Glacier Bancorp, Inc. $GBCI

KBC Group NV grew its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 1,740.2% in the first quarter, Holdings Channel.com reports. The fund owned 67,369 shares of the company’s stock after buying an additional 63,708 shares during the period. KBC Group NV’s holdings in Glacier Bancorp were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC raised its stake in shares of Glacier Bancorp by 122.5% in the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at $31,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 490 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Glacier Bancorp during the 4th quarter valued at about $35,000. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock opened at $50.32 on Friday. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 20.62 and a beta of 0.72. The firm’s 50-day moving average price is $49.70 and its two-hundred day moving average price is $48.33. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $54.58.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Glacier Bancorp had a return on equity of 8.12% and a net margin of 19.72%.The business had revenue of $320.94 million for the quarter. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts predict that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, July 7th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, July 7th. This represents a $1.32 annualized dividend and a yield of 2.6%. Glacier Bancorp’s dividend payout ratio is 61.68%.

Analysts Set New Price Targets

GBCI has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Glacier Bancorp in a research note on Monday. Piper Sandler increased 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 target price on Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, DA Davidson boosted their price target on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and an average target price of $55.17.

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.