Capital International Investors Boosts Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Capital International Investors grew its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,092,571 shares of the bank's stock after acquiring an additional 115,620 shares during the period. Capital International Investors owned about 1.85% of Glacier Bancorp worth $105,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Glacier Bancorp by 5.3% in the fourth quarter. Signaturefd LLC now owns 3,978 shares of the bank's stock worth $200,000 after buying an additional 201 shares in the last quarter. Arizona State Retirement System grew its position in shares of Glacier Bancorp by 0.8% during the fourth quarter. Arizona State Retirement System now owns 32,909 shares of the bank's stock valued at $1,653,000 after purchasing an additional 259 shares in the last quarter. Mariner LLC increased its holdings in shares of Glacier Bancorp by 2.4% in the fourth quarter. Mariner LLC now owns 12,430 shares of the bank's stock worth $624,000 after purchasing an additional 292 shares during the last quarter. Financial Advocates Investment Management boosted its stake in Glacier Bancorp by 1.9% during the fourth quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank's stock valued at $817,000 after buying an additional 311 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Glacier Bancorp by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank's stock valued at $1,121,000 after buying an additional 350 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Down 3.6 %

GBCI traded down $1.54 on Friday, reaching $41.09. 434,979 shares of the company traded hands, compared to its average volume of 612,724. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.66 billion, a P/E ratio of 24.60 and a beta of 0.80. The firm has a fifty day simple moving average of $43.77 and a two-hundred day simple moving average of $49.13. Glacier Bancorp, Inc. has a one year low of $34.48 and a one year high of $60.67.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's payout ratio is 79.04%.

Analyst Upgrades and Downgrades

GBCI has been the subject of a number of research reports. Raymond James reiterated an "outperform" rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler dropped their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. One equities 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $56.00.

Glacier Bancorp 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.