BNP Paribas Purchases New Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI)

BNP Paribas acquired a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,650 shares of the bank's stock, valued at approximately $1,134,000.

Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock worth $11,321,000 after purchasing an additional 98,158 shares in the last quarter. GAMMA Investing LLC lifted its position in Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock valued at $153,000 after acquiring an additional 526 shares in the last quarter. Park Avenue Securities LLC bought a new stake in Glacier Bancorp during the 4th quarter worth approximately $273,000. Argent Capital Management LLC lifted its holdings in shares of Glacier Bancorp by 38.6% in the fourth quarter. Argent Capital Management LLC now owns 17,411 shares of the bank's stock valued at $874,000 after purchasing an additional 4,853 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Glacier Bancorp by 39.2% during the fourth quarter. SG Americas Securities LLC now owns 15,873 shares of the bank's stock worth $797,000 after buying an additional 4,469 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

NASDAQ:GBCI traded down $0.17 on Friday, reaching $42.16. 343,577 shares of the company's stock were exchanged, compared to its average volume of 666,827. The stock has a fifty day simple moving average of $42.32 and a 200-day simple moving average of $48.75. Glacier Bancorp, Inc. has a 52 week low of $34.48 and a 52 week high of $60.67. 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 $4.79 billion, a price-to-earnings ratio of 25.25 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the business posted $0.29 EPS. As a group, sell-side analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.13%. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Raymond James set a $45.00 price target on Glacier Bancorp in a research report on Monday, April 28th. Piper Sandler lowered their target price on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Glacier Bancorp has a consensus rating of "Hold" and a consensus target price of $50.50.

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.