Global Retirement Partners LLC trimmed its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) by 47.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 739 shares of the bank’s stock after selling 661 shares during the quarter. Global Retirement Partners LLC’s holdings in Glacier Bancorp were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Glacier Bancorp by 79.9% during the fourth quarter. Pacer Advisors Inc. now owns 16,660 shares of the bank’s stock worth $688,000 after buying an additional 7,397 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Glacier Bancorp by 26.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 72,328 shares of the bank’s stock worth $2,989,000 after purchasing an additional 15,320 shares in the last quarter. Raymond James & Associates grew its stake in shares of Glacier Bancorp by 1.3% in the fourth quarter. Raymond James & Associates now owns 1,004,414 shares of the bank’s stock worth $41,502,000 after purchasing an additional 13,341 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at $28,000. Finally, Moody National Bank Trust Division raised its stake in shares of Glacier Bancorp by 22.1% during the fourth quarter. Moody National Bank Trust Division now owns 19,045 shares of the bank’s stock valued at $787,000 after purchasing an additional 3,445 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.
Glacier Bancorp Price Performance
NASDAQ GBCI opened at $39.64 on Wednesday. The company has a 50 day moving average price of $38.03 and a two-hundred day moving average price of $36.29. Glacier Bancorp, Inc. has a 12-month low of $26.77 and a 12-month high of $44.06. The stock has a market capitalization of $4.49 billion, a PE ratio of 19.72 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98.
Glacier Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, April 9th will be paid a $0.33 dividend. The ex-dividend date is Monday, April 8th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.10. This represents a $1.32 dividend on an annualized basis and a yield of 3.33%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 65.67%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on GBCI. Truist Financial decreased their price objective on shares of Glacier Bancorp from $45.00 to $42.00 and set a “hold” rating for the company in a report on Monday, April 1st. Raymond James increased their price target on Glacier Bancorp from $36.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Finally, StockNews.com raised Glacier Bancorp to a “sell” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $37.80.
Read Our Latest Stock Report on Glacier Bancorp
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.
Read More
- Five stocks we like better than Glacier Bancorp
- Consumer Discretionary Stocks Explained
- 4 Golden Crosses With Double-Digit Upside Ahead
- Why Are Stock Sectors Important to Successful Investing?
- All-Aboard! Greenbrier Companies Breaks Out, New Highs Ahead
- Stock Splits, Do They Really Impact Investors?
- 3 High Dividend Socks to Replace Lower Savings Yields Ahead
Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.