Barclays PLC Grows Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Barclays PLC boosted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 297,388 shares of the bank's stock after purchasing an additional 49,671 shares during the quarter. Barclays PLC owned about 0.26% of Glacier Bancorp worth $14,935,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Glacier Bancorp by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank's stock valued at $59,988,000 after acquiring an additional 52,566 shares in the last quarter. Norges Bank bought a new stake in shares of Glacier Bancorp in the 4th quarter worth $56,923,000. Segall Bryant & Hamill LLC raised its stake in shares of Glacier Bancorp by 1.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank's stock worth $53,348,000 after purchasing an additional 12,035 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Glacier Bancorp by 19.9% in the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank's stock worth $49,419,000 after purchasing an additional 163,061 shares during the last quarter. Finally, Madison Investment Advisors LLC bought a new position in shares of Glacier Bancorp during the fourth quarter valued at $47,770,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on GBCI. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Piper Sandler decreased their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, 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 research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $56.00.

Glacier Bancorp Stock Performance

Shares of NASDAQ:GBCI traded down $2.00 during trading on Friday, hitting $40.62. The company's stock had a trading volume of 317,428 shares, compared to its average volume of 612,331. The company has a 50-day moving average of $43.77 and a 200-day moving average of $49.13. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $4.61 billion, a price-to-earnings ratio of 24.28 and a beta of 0.80. Glacier Bancorp, Inc. has a 12 month low of $34.48 and a 12 month high of $60.67.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is presently 79.04%.

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.