Kennedy Capital Management LLC Increases Holdings in Glacier Bancorp, Inc. $GBCI

Kennedy Capital Management LLC grew its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 548,536 shares of the company’s stock after acquiring an additional 116,889 shares during the period. Kennedy Capital Management LLC owned about 0.42% of Glacier Bancorp worth $24,163,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Natixis Advisors LLC lifted its position in shares of Glacier Bancorp by 15.0% in the third quarter. Natixis Advisors LLC now owns 562,404 shares of the company’s stock valued at $27,372,000 after acquiring an additional 73,545 shares in the last quarter. CENTRAL TRUST Co purchased a new position in shares of Glacier Bancorp in the third quarter valued at about $594,000. Capital International Investors lifted its position in shares of Glacier Bancorp by 17.1% in the third quarter. Capital International Investors now owns 1,742,780 shares of the company’s stock valued at $84,821,000 after acquiring an additional 254,514 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Glacier Bancorp in the fourth quarter worth about $4,821,000. Finally, Deprince Race & Zollo Inc. lifted its position in shares of Glacier Bancorp by 30.7% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock worth $73,229,000 after buying an additional 390,366 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Up 2.3%

Shares of NYSE GBCI opened at $49.94 on Friday. The business’s 50 day moving average is $47.78 and its two-hundred day moving average is $46.83. 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, Inc. has a 1-year low of $39.90 and a 1-year high of $53.99. The stock has a market capitalization of $6.50 billion, a P/E ratio of 23.34 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The company had revenue of $309.61 million for the quarter. During the same period in the previous year, the firm earned $0.48 earnings per share. As a group, research analysts expect that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Stephens boosted 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. DA Davidson boosted their target price on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Piper Sandler boosted their target price on Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.