Dimensional Fund Advisors LP Reduces Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Dimensional Fund Advisors LP trimmed its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,550,161 shares of the bank's stock after selling 22,969 shares during the quarter. Dimensional Fund Advisors LP owned 2.25% of Glacier Bancorp worth $128,070,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Glacier Bancorp by 65.6% in the third quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after acquiring an additional 98,158 shares during the period. Synovus Financial Corp grew its position in shares of Glacier Bancorp by 79.2% during the 3rd quarter. Synovus Financial Corp now owns 32,484 shares of the bank's stock valued at $1,485,000 after purchasing an additional 14,359 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Glacier Bancorp by 20.9% in the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock worth $153,000 after purchasing an additional 526 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Glacier Bancorp in the fourth quarter worth $273,000. Finally, Argent Capital Management LLC grew its position in Glacier Bancorp by 38.6% during the fourth quarter. Argent Capital Management LLC now owns 17,411 shares of the bank's stock worth $874,000 after buying an additional 4,853 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.

Glacier Bancorp Price Performance

Shares of GBCI stock traded down $0.56 during trading hours on Wednesday, hitting $40.80. 663,211 shares of the company's stock were exchanged, compared to its average volume of 614,907. The company has a market capitalization of $4.63 billion, a PE ratio of 24.43 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12-month low of $34.48 and a 12-month high of $60.67. The business's 50 day simple moving average is $43.24 and its 200-day simple moving average is $49.06.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping 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 period in the previous year, the firm posted $0.29 EPS. On average, equities research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is presently 70.97%.

Analyst Upgrades and Downgrades

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