California Public Employees Retirement System Has $9.48 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

California Public Employees Retirement System trimmed its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,796 shares of the bank's stock after selling 7,028 shares during the period. California Public Employees Retirement System owned 0.17% of Glacier Bancorp worth $9,481,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Glacier Bancorp by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock valued at $132,662,000 after acquiring an additional 41,160 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 worth $59,988,000 after purchasing an additional 52,566 shares during the period. Norges Bank bought a new stake in Glacier Bancorp in the fourth quarter valued at about $56,923,000. Segall Bryant & Hamill LLC lifted its stake in Glacier Bancorp by 1.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank's stock valued at $53,348,000 after buying an additional 12,035 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Glacier Bancorp by 19.9% during the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank's stock worth $49,419,000 after buying an additional 163,061 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GBCI has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Raymond James reaffirmed an "outperform" rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of "Hold" and an average target price of $51.50.

Glacier Bancorp Stock Down 1.1 %

NASDAQ GBCI traded down $0.42 during trading hours on Friday, reaching $38.13. 570,357 shares of the company's stock were exchanged, compared to its average volume of 621,867. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a one year low of $34.35 and a one year high of $60.67. The company's 50-day moving average is $45.64 and its two-hundred day moving average is $49.47. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 22.83 and a beta of 0.80.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.46%. Glacier Bancorp's payout ratio is 79.04%.

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.