Glacier Bancorp, Inc. $GBCI Stock Holdings Boosted by XTX Topco Ltd

XTX Topco Ltd increased its stake in Glacier Bancorp by 34.7% in Q2, owning 55,314 shares worth $2.38M. Other firms also boosted holdings. Insiders acquired shares, with Lee Kenneth Groom buying 2,425 shares. Glacier Bancorp's stock opened at $42.67, with a market cap of $5.54B. The company announced a quarterly dividend of $0.33 per share, yielding 3.1%. Analysts issued reports on GBCI shares, with DA Davidson maintaining a "buy" rating and a $58.00 price target.

XTX Topco Ltd increased its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 34.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,314 shares of the bank's stock after acquiring an additional 14,240 shares during the period. XTX Topco Ltd's holdings in Glacier Bancorp were worth $2,383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Clifford Capital Partners LLC grew its position in Glacier Bancorp by 17.8% in the 2nd quarter. Clifford Capital Partners LLC now owns 453,976 shares of the bank's stock worth $19,557,000 after purchasing an additional 68,759 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Glacier Bancorp by 2.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,619 shares of the bank's stock worth $1,491,000 after buying an additional 673 shares during the period. Prudential Financial Inc. grew its holdings in Glacier Bancorp by 52.8% in the 2nd quarter. Prudential Financial Inc. now owns 17,714 shares of the bank's stock worth $763,000 after buying an additional 6,123 shares in the last quarter. Segall Bryant & Hamill LLC increased its position in Glacier Bancorp by 7.8% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 1,121,629 shares of the bank's stock valued at $48,320,000 after acquiring an additional 80,725 shares during the period. Finally, Rhumbline Advisers raised its stake in Glacier Bancorp by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 393,418 shares of the bank's stock valued at $16,948,000 after acquiring an additional 16,779 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In other news, insider Lee Kenneth Groom acquired 2,425 shares of Glacier Bancorp stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $41.26 per share, with a total value of $100,055.50. Following the completion of the purchase, the insider owned 14,343 shares of the company's stock, valued at $591,792.18. This represents a 20.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan Thomas Screnar bought 979 shares of the firm's stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of $41.88 per share, with a total value of $41,000.52. Following the completion of the acquisition, the insider owned 10,842 shares of the company's stock, valued at approximately $454,062.96. This trade represents a 9.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 8,852 shares of company stock worth $364,484. Company insiders own 0.53% of the company's stock.

Glacier Bancorp Trading Down 1.3%

Shares of NASDAQ:GBCI opened at $42.67 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 25.55 and a beta of 0.83. Glacier Bancorp, Inc. has a 1-year low of $36.76 and a 1-year high of $59.50. The company has a 50 day moving average price of $44.71 and a 200 day moving average price of $44.76.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Thursday, October 16th. The bank reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.05). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period last year, the company posted $0.46 EPS. On average, research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 9th. Glacier Bancorp's dividend payout ratio is currently 64.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GBCI shares. DA Davidson reissued a "buy" rating and issued a $58.00 price target on shares of Glacier Bancorp in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Glacier Bancorp from $56.00 to $55.00 and set a "market perform" rating for the company in a report on Monday, October 20th. Raymond James Financial lowered their target price on shares of Glacier Bancorp from $55.00 to $49.00 and set an "outperform" rating on the stock in a research note on Monday, October 20th. Finally, Piper Sandler restated a "neutral" rating and set a $50.00 price target on shares of Glacier Bancorp in a research report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.00.

Read Our Latest Analysis on Glacier Bancorp

Glacier Bancorp Company Profile

(Free Report)

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.

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