Segall Bryant & Hamill LLC Decreases Holdings in Glacier Bancorp, Inc. $GBCI

Segall Bryant & Hamill LLC decreased its stake in Glacier Bancorp, Inc. (NYSE:GBCI) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,114,326 shares of the company’s stock after selling 45,327 shares during the period. Glacier Bancorp accounts for about 0.6% of Segall Bryant & Hamill LLC’s holdings, making the stock its 21st biggest position. Segall Bryant & Hamill LLC’s holdings in Glacier Bancorp were worth $49,777,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC grew its position in shares of Glacier Bancorp by 122.5% during the 1st quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock valued at $29,000 after acquiring an additional 359 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Glacier Bancorp in the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its holdings 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 worth $31,000 after purchasing an additional 490 shares during the period. Global Retirement Partners LLC lifted its stake in Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Glacier Bancorp in the fourth quarter valued at approximately $35,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Performance

NYSE GBCI opened at $49.22 on Friday. The company’s 50 day moving average is $49.87 and its 200-day moving average is $48.41. Glacier Bancorp, Inc. has a 12-month low of $39.90 and a 12-month high of $54.58. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a market cap of $6.41 billion, a P/E ratio of 20.17 and a beta of 0.72.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $320.94 million for the quarter. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. During the same quarter in the previous year, the company posted $0.57 earnings per share. Sell-side analysts predict that Glacier Bancorp, Inc. will post 3.15 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. Glacier Bancorp’s payout ratio is presently 54.10%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GBCI. Weiss Ratings reissued a “hold (c+)” rating on shares of Glacier Bancorp in a report on Monday, July 20th. Piper Sandler boosted their target price on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Stephens upped their price target on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, DA Davidson reiterated a “buy” rating and set a $58.00 price target on shares of Glacier Bancorp in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $55.17.

About Glacier Bancorp

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.