Los Angeles Capital Management & Equity Research Inc. Increases Stake in Glacier Bancorp, Inc. (GBCI)

Los Angeles Capital Management & Equity Research Inc. lifted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 92.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,041 shares of the bank’s stock after acquiring an additional 10,590 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Glacier Bancorp were worth $950,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in GBCI. BlackRock Inc. raised its position in shares of Glacier Bancorp by 9.6% in the 2nd quarter. BlackRock Inc. now owns 11,832,235 shares of the bank’s stock worth $457,672,000 after acquiring an additional 1,032,929 shares in the last quarter. Eagle Asset Management Inc. bought a new position in shares of Glacier Bancorp in the 2nd quarter worth approximately $28,939,000. Carillon Tower Advisers Inc. bought a new position in shares of Glacier Bancorp in the 2nd quarter worth approximately $26,929,000. Segall Bryant & Hamill LLC bought a new position in shares of Glacier Bancorp in the 2nd quarter worth approximately $22,081,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Glacier Bancorp by 864.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 323,712 shares of the bank’s stock worth $12,521,000 after acquiring an additional 290,150 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp stock opened at $45.90 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.84 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.08 and a beta of 1.25. Glacier Bancorp, Inc. has a twelve month low of $35.77 and a twelve month high of $46.44.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 18th. The bank reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The company had revenue of $146.16 million during the quarter, compared to analysts’ expectations of $144.01 million. Glacier Bancorp had a return on equity of 11.96% and a net margin of 26.36%. On average, analysts expect that Glacier Bancorp, Inc. will post 2.19 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Tuesday, December 11th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, December 10th. This represents a $1.04 annualized dividend and a dividend yield of 2.27%. Glacier Bancorp’s payout ratio is currently 59.43%.

Several research analysts have recently issued reports on GBCI shares. Zacks Investment Research raised Glacier Bancorp from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, September 19th. ValuEngine lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Finally, BidaskClub lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $42.83.

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Glacier Bancorp Company Profile

Glacier Bancorp, Inc operates as the 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. It offers deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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