Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI – Get Rating) by 1.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,223,654 shares of the bank’s stock after selling 27,479 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Glacier Bancorp were worth $109,896,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Covestor Ltd grew its holdings in shares of Glacier Bancorp by 115.0% during the first quarter. Covestor Ltd now owns 1,045 shares of the bank’s stock worth $53,000 after buying an additional 559 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Glacier Bancorp by 94.4% in the third quarter. Quadrant Capital Group LLC now owns 1,120 shares of the bank’s stock valued at $55,000 after purchasing an additional 544 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $59,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Glacier Bancorp by 81.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,840 shares of the bank’s stock valued at $139,000 after purchasing an additional 1,275 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Glacier Bancorp by 10.8% in the fourth quarter. Van ECK Associates Corp now owns 3,350 shares of the bank’s stock valued at $166,000 after purchasing an additional 327 shares during the period. Hedge funds and other institutional investors own 70.54% of the company’s stock.

Insider Transactions at Glacier Bancorp

In other Glacier Bancorp news, CAO Don J. Chery bought 1,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $27.16 per share, for a total transaction of $27,160.00. Following the completion of the transaction, the chief accounting officer now owns 49,741 shares in the company, valued at approximately $1,350,965.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CAO Don J. Chery acquired 1,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average cost of $27.16 per share, for a total transaction of $27,160.00. Following the transaction, the chief accounting officer now directly owns 49,741 shares in the company, valued at approximately $1,350,965.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ron J. Copher acquired 2,578 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was purchased at an average price of $38.74 per share, for a total transaction of $99,871.72. Following the completion of the transaction, the chief financial officer now owns 77,494 shares in the company, valued at $3,002,117.56. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 22,213 shares of company stock worth $775,152. Insiders own 0.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on GBCI shares. StockNews.com assumed coverage on shares of Glacier Bancorp in a report on Thursday, March 16th. They issued a “sell” rating for the company. Stephens reaffirmed an “equal weight” rating and set a $43.00 target price on shares of Glacier Bancorp in a research note on Friday, April 21st. Raymond James lowered their target price on shares of Glacier Bancorp from $41.00 to $34.00 in a research note on Friday, May 12th. DA Davidson lowered their target price on shares of Glacier Bancorp from $51.00 to $47.00 in a research note on Monday, April 24th. Finally, Truist Financial lowered their target price on shares of Glacier Bancorp from $49.00 to $40.00 in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

Glacier Bancorp Stock Down 3.4 %

Shares of NASDAQ:GBCI opened at $28.52 on Monday. The firm’s 50 day moving average price is $36.30 and its 200 day moving average price is $45.49. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 10.64 and a beta of 0.79. Glacier Bancorp, Inc. has a fifty-two week low of $26.77 and a fifty-two week high of $59.70. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.19.

Glacier Bancorp (NASDAQ:GBCI – Get Rating) last issued its earnings results on Friday, April 21st. The bank reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.08). The firm had revenue of $214.09 million during the quarter, compared to analyst estimates of $229.49 million. Glacier Bancorp had a net margin of 30.08% and a return on equity of 10.37%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, equities research analysts predict that Glacier Bancorp, Inc. will post 2.12 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 20th. Stockholders of record on Tuesday, April 11th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.63%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 49.25%.

About Glacier Bancorp

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Glacier Bancorp, Inc engages in the provision of banking services to individuals and businesses. Its portfolio segment of loans includes residential, commercial, and other commercial real estate, home equity, and other consumer. The firm also offers retail banking, business banking, real estate, commercial, agriculture, and consumer loans, and mortgage origination and loan servicing.