Westwood Holdings Group Inc. Boosts Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Westwood Holdings Group Inc. lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 34.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 485,574 shares of the bank’s stock after purchasing an additional 124,891 shares during the quarter. Westwood Holdings Group Inc. owned about 0.43% of Glacier Bancorp worth $19,559,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Glacier Bancorp by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank’s stock worth $510,312,000 after purchasing an additional 80,251 shares during the period. Cooke & Bieler LP boosted its holdings in Glacier Bancorp by 34.0% in the 4th quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank’s stock worth $133,847,000 after acquiring an additional 821,199 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Glacier Bancorp by 4.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,314,970 shares of the bank’s stock worth $95,661,000 after acquiring an additional 96,347 shares during the period. Capital Research Global Investors boosted its holdings in Glacier Bancorp by 60.3% in the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after acquiring an additional 724,089 shares during the period. Finally, Capital International Investors boosted its holdings in Glacier Bancorp by 45.1% in the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock worth $75,326,000 after acquiring an additional 566,513 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Insiders Place Their Bets

In other Glacier Bancorp news, CAO Don J. Chery sold 1,000 shares of the business’s stock in a transaction 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Don J. Chery sold 1,000 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was 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 of the company’s stock, valued at approximately $2,389,999.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Annie M. Goodwin sold 5,619 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total value 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. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Glacier Bancorp Stock Performance

Shares of NASDAQ:GBCI traded down $1.52 during trading hours on Friday, hitting $40.95. The stock had a trading volume of 615,813 shares, compared to its average volume of 748,277. The stock’s fifty day simple moving average is $38.72 and its 200 day simple moving average is $38.36. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 23.41 and a beta of 0.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a 1-year low of $26.83 and a 1-year high of $46.78.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The company had revenue of $306.04 million during the quarter, compared to analyst estimates of $204.43 million. During the same quarter in the previous year, the firm posted $0.50 EPS. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 1.63 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $1.32 dividend on an annualized basis and a yield of 3.22%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 75.43%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stephens cut their target price on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 23rd. Truist Financial upped their price target on Glacier Bancorp from $38.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. StockNews.com raised Glacier Bancorp to a “sell” rating in a research report on Thursday, June 6th. Finally, DA Davidson dropped their price target on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.25.

Glacier Bancorp 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.