Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by US Bancorp DE

US Bancorp DE lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report) by 23.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,792 shares of the bank’s stock after buying an additional 3,022 shares during the period. US Bancorp DE’s holdings in Glacier Bancorp were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GBCI. Cooke & Bieler LP grew its position in Glacier Bancorp by 34.0% in the fourth quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank’s stock worth $133,847,000 after acquiring an additional 821,199 shares during the period. Norges Bank purchased a new position in shares of Glacier Bancorp during the 4th quarter worth $32,617,000. Envestnet Asset Management Inc. increased its position in shares of Glacier Bancorp by 361.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 902,610 shares of the bank’s stock worth $25,724,000 after purchasing an additional 706,833 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Glacier Bancorp by 5,065.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 586,360 shares of the bank’s stock worth $24,228,000 after purchasing an additional 575,008 shares during the last quarter. Finally, FMR LLC raised its holdings in Glacier Bancorp by 50.1% in the 3rd quarter. FMR LLC now owns 1,360,803 shares of the bank’s stock valued at $38,783,000 after buying an additional 454,289 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $36.16 on Friday. The company’s 50 day moving average is $37.62 and its two-hundred day moving average is $38.23. The firm has a market cap of $4.10 billion, a PE ratio of 20.66 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76. Glacier Bancorp, Inc. has a 52-week low of $26.83 and a 52-week high of $44.06.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The company had revenue of $196.47 million during the quarter, compared to analyst estimates of $202.66 million. During the same quarter in the previous year, the business posted $0.55 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. On average, research analysts expect that Glacier Bancorp, Inc. will post 1.64 EPS for the current fiscal year.

Glacier Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, April 8th. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s dividend payout ratio (DPR) is presently 75.43%.

Analyst Ratings Changes

Several brokerages have weighed in on GBCI. DA Davidson lowered their target price on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, April 22nd. StockNews.com upgraded Glacier Bancorp to a “sell” rating in a research note on Thursday. Stephens dropped their price objective on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 23rd. Finally, Truist Financial cut their price objective on Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.40.

View Our Latest Stock Analysis on Glacier Bancorp

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

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