Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Dakota Wealth Management

Dakota Wealth Management trimmed its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,919 shares of the bank’s stock after selling 500 shares during the period. Dakota Wealth Management’s holdings in Glacier Bancorp were worth $1,955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Glacier Bancorp by 2.6% during the 2nd quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank’s stock worth $632,000 after buying an additional 427 shares in the last quarter. Cladis Investment Advisory LLC raised its position in shares of Glacier Bancorp by 1.6% during the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after buying an additional 500 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Glacier Bancorp by 9.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after buying an additional 507 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after buying an additional 526 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Glacier Bancorp by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 203,566 shares of the bank’s stock worth $9,303,000 after buying an additional 582 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Piper Sandler boosted their price target on shares of Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods boosted 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. Raymond James reiterated an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Truist Financial boosted their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Glacier Bancorp Stock Down 0.5 %

GBCI stock opened at $51.35 on Friday. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The company’s 50 day simple moving average is $53.32 and its 200-day simple moving average is $48.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $5.82 billion, a P/E ratio of 31.70 and a beta of 0.81.

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 analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The business had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. As a group, equities research analysts anticipate that Glacier Bancorp, Inc. will post 1.73 EPS for the current year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp’s payout ratio is presently 81.48%.

Glacier Bancorp Company Profile

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.