9,915 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC purchased a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,915 shares of the bank’s stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GBCI. &PARTNERS bought a new stake in Glacier Bancorp during the first quarter worth approximately $991,000. Capital International Investors raised its stake in Glacier Bancorp by 45.1% in the fourth quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock worth $75,326,000 after buying an additional 566,513 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Glacier Bancorp by 46.2% during the 1st quarter. Sei Investments Co. now owns 148,305 shares of the bank’s stock worth $5,974,000 after purchasing an additional 46,890 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Glacier Bancorp by 21.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank’s stock worth $3,160,000 after buying an additional 13,655 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new position in shares of Glacier Bancorp during the first quarter worth $477,000. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Up 1.6 %

Glacier Bancorp stock traded up $0.69 during mid-day trading on Friday, reaching $43.70. 434,204 shares of the company’s stock were exchanged, compared to its average volume of 654,116. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. Glacier Bancorp, Inc. has a twelve month low of $26.83 and a twelve month high of $46.78. The company has a market cap of $4.96 billion, a P/E ratio of 24.97 and a beta of 0.80. The company has a fifty day moving average of $39.76 and a 200-day moving average of $38.44.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The business had revenue of $306.04 million for the quarter, compared to analysts’ expectations of $204.43 million. During the same period last year, the firm earned $0.50 earnings per share. Sell-side analysts expect that Glacier Bancorp, Inc. will post 1.63 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio is presently 75.43%.

Insider Buying and Selling

In other Glacier Bancorp news, Director Annie M. Goodwin sold 5,619 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the transaction, the director now owns 9,402 shares in the company, valued at approximately $418,859.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Glacier Bancorp news, Director Annie M. Goodwin sold 5,619 shares of the firm’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 sale, the director now directly owns 9,402 shares in the company, valued at $418,859.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Don J. Chery sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $45.49, for a total value of $45,490.00. Following the transaction, the chief accounting officer now directly owns 52,539 shares of the company’s stock, valued at $2,389,999.11. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stephens decreased their target price on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, April 23rd. StockNews.com raised Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. Truist Financial boosted their price objective on shares of Glacier Bancorp from $38.00 to $46.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Piper Sandler dropped their price target on shares of Glacier Bancorp from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. Finally, DA Davidson reduced their price target on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.00.

About Glacier Bancorp

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.