CX Institutional Sells 205 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

CX Institutional reduced its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,325 shares of the bank’s stock after selling 205 shares during the quarter. CX Institutional’s holdings in Glacier Bancorp were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in GBCI. GAMMA Investing LLC boosted its stake in shares of Glacier Bancorp by 60.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after purchasing an additional 947 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after purchasing an additional 927 shares during the period. Wolverine Trading LLC bought a new position in shares of Glacier Bancorp in the 3rd quarter worth $205,000. Intech Investment Management LLC acquired a new stake in shares of Glacier Bancorp during the second quarter worth $207,000. Finally, Paloma Partners Management Co bought a new stake in Glacier Bancorp in the third quarter valued at about $250,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on GBCI. Truist Financial boosted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Raymond James restated an “outperform” rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods increased their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler boosted their price target on shares of Glacier Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.00.

Glacier Bancorp Stock Performance

GBCI opened at $50.53 on Friday. The business has a fifty day simple moving average of $53.10 and a 200 day simple moving average of $48.52. The company has a market capitalization of $5.73 billion, a PE ratio of 31.19 and a beta of 0.81. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same period in the previous year, the company posted $0.47 EPS. Research analysts expect that Glacier Bancorp, Inc. will post 1.73 EPS for the current year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were paid a $0.33 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.61%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

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.