UBS Group AG Decreases Stock Holdings in Glacier Bancorp, Inc. $GBCI

UBS Group AG decreased its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 30.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 420,192 shares of the company’s stock after selling 187,517 shares during the quarter. UBS Group AG’s holdings in Glacier Bancorp were worth $18,509,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Glacier Bancorp in the third quarter valued at about $40,000. CIBC Private Wealth Group LLC increased its position in shares of Glacier Bancorp by 1,176.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock valued at $62,000 after acquiring an additional 1,165 shares during the period. Hantz Financial Services Inc. increased its position in shares of Glacier Bancorp by 219.1% in the third quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock valued at $79,000 after acquiring an additional 1,111 shares during the period. Finally, Danske Bank A S purchased a new position in shares of Glacier Bancorp in the third quarter valued at about $92,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBCI. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. DA Davidson boosted their price target on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Janney Montgomery Scott began coverage on shares of Glacier Bancorp in a research report on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Piper Sandler boosted their price target on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $55.17.

Glacier Bancorp Price Performance

Shares of NYSE GBCI opened at $46.64 on Wednesday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 21.79 and a beta of 0.76. 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 company’s 50-day moving average is $46.32 and its 200 day moving average is $45.96.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $309.61 million for the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same quarter last year, the company posted $0.48 EPS. On average, sell-side analysts expect that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is 61.68%.

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.