BNP Paribas Financial Markets Sells 23,815 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

BNP Paribas Financial Markets lessened its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 51.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,388 shares of the bank's stock after selling 23,815 shares during the quarter. BNP Paribas Financial Markets' holdings in Glacier Bancorp were worth $1,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted its position in Glacier Bancorp by 57.8% during the fourth quarter. Ameriprise Financial Inc. now owns 287,123 shares of the bank's stock worth $14,419,000 after purchasing an additional 105,153 shares during the period. Gallagher Fiduciary Advisors LLC boosted its position in Glacier Bancorp by 19.0% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 10,955 shares of the bank's stock worth $550,000 after purchasing an additional 1,749 shares during the period. Freestone Grove Partners LP bought a new position in Glacier Bancorp during the fourth quarter worth about $6,305,000. Northern Trust Corp boosted its position in Glacier Bancorp by 7.7% during the fourth quarter. Northern Trust Corp now owns 1,763,983 shares of the bank's stock worth $88,587,000 after purchasing an additional 126,316 shares during the period. Finally, Piedmont Capital Management LLC boosted its position in Glacier Bancorp by 4.5% during the fourth quarter. Piedmont Capital Management LLC now owns 5,256 shares of the bank's stock worth $262,000 after purchasing an additional 224 shares during the period. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Price Performance

Shares of GBCI stock traded down $0.45 during trading hours on Friday, reaching $40.70. The stock had a trading volume of 356,913 shares, compared to its average volume of 633,595. The stock's fifty day simple moving average is $41.73 and its 200 day simple moving average is $48.14. 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 firm has a market capitalization of $4.62 billion, a PE ratio of 24.37 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly 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 earnings per share. On average, equities research analysts predict that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have weighed in on GBCI. Raymond James set a $45.00 target price on shares of Glacier Bancorp in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. 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 price objective 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 analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Glacier Bancorp 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.