Ameriprise Financial Inc. boosted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 287,123 shares of the bank's stock after buying an additional 105,153 shares during the period. Ameriprise Financial Inc. owned about 0.25% of Glacier Bancorp worth $14,419,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of GBCI. Barclays PLC increased 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 valued at $11,321,000 after purchasing an additional 98,158 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at about $716,000. Raymond James Financial Inc. acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at about $9,544,000. JPMorgan Chase & Co. increased its holdings in shares of Glacier Bancorp by 76.0% in the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock valued at $28,192,000 after purchasing an additional 242,414 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at about $281,000. Institutional investors and hedge funds own 80.17% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on GBCI. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Raymond James set a $45.00 price objective on Glacier Bancorp in a report on Monday, April 28th. Piper Sandler dropped their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price objective on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Glacier Bancorp currently has an average rating of "Hold" and an average price target of $50.50.
Check Out Our Latest Stock Analysis on Glacier Bancorp
Glacier Bancorp Trading Down 1.8%
NASDAQ:GBCI opened at $42.70 on Friday. The company has a market capitalization of $4.85 billion, a P/E ratio of 25.57 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The stock's 50 day moving average price is $42.04 and its 200 day moving average price is $48.47. Glacier Bancorp, Inc. has a 52 week low of $34.48 and a 52 week high of $60.67.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same quarter in the previous year, the company earned $0.29 earnings per share. On average, research analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.
Glacier Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.09%. Glacier Bancorp's payout ratio is currently 70.97%.
Glacier Bancorp Profile
(
Free Report)
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.
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