Bayesian Capital Management LP Makes New Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Bayesian Capital Management LP bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,852 shares of the bank’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds also recently made changes to their positions in GBCI. Allworth Financial LP increased its holdings in shares of Glacier Bancorp by 409.4% during the 4th quarter. Allworth Financial LP now owns 596 shares of the bank’s stock worth $25,000 after purchasing an additional 479 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Glacier Bancorp in the first quarter valued at about $25,000. GAMMA Investing LLC bought a new stake in Glacier Bancorp in the fourth quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Glacier Bancorp in the first quarter valued at about $50,000. Finally, Signaturefd LLC boosted its position in Glacier Bancorp by 51.9% in the fourth quarter. Signaturefd LLC now owns 3,727 shares of the bank’s stock valued at $154,000 after buying an additional 1,274 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GBCI. Truist Financial boosted their price target on shares of 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 upgraded shares of Glacier Bancorp to a “sell” rating in a research report on Thursday, June 6th. Stephens reduced their price target on shares of 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. Finally, DA Davidson reduced their target price on shares of 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.25.

Insider Transactions at Glacier Bancorp

In other news, CAO Don J. Chery sold 1,000 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at $2,389,999.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is owned by insiders.

Glacier Bancorp Trading Down 0.4 %

NASDAQ:GBCI traded down $0.20 during trading hours on Wednesday, hitting $44.52. The stock had a trading volume of 3,723 shares, compared to its average volume of 657,931. Glacier Bancorp, Inc. has a one year low of $26.83 and a one year high of $46.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 27.25 and a beta of 0.81. The business’s 50 day moving average is $38.44 and its 200-day moving average is $38.28.

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

Glacier Bancorp Announces Dividend

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 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio is 75.43%.

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.