Glacier Bancorp, Inc. $GBCI Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 9.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,928 shares of the bank's stock after selling 8,996 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Glacier Bancorp worth $3,977,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Piedmont Capital Management LLC grew its position in Glacier Bancorp by 4.5% during the 4th 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 last quarter. CWM LLC boosted its holdings in Glacier Bancorp by 0.7% during the first quarter. CWM LLC now owns 39,635 shares of the bank's stock worth $1,753,000 after buying an additional 285 shares in the last quarter. Mariner LLC boosted its holdings in Glacier Bancorp by 2.4% during the fourth quarter. Mariner LLC now owns 12,430 shares of the bank's stock worth $624,000 after buying an additional 292 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Glacier Bancorp by 1.1% during the first quarter. State of Michigan Retirement System now owns 27,136 shares of the bank's stock worth $1,200,000 after buying an additional 300 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Glacier Bancorp by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 31,800 shares of the bank's stock worth $1,406,000 after acquiring an additional 300 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Glacier Bancorp from $50.00 to $52.00 and gave the stock a "market perform" rating in a research report on Friday, June 27th. Janney Montgomery Scott upgraded shares of Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 target price for the company in a research report on Thursday, June 5th. Raymond James Financial restated an "outperform" rating and set a $48.00 target price (up previously from $45.00) on shares of Glacier Bancorp in a research report on Thursday, June 26th. DA Davidson reissued a "buy" rating and issued a $50.00 price objective on shares of Glacier Bancorp in a research report on Wednesday, June 25th. Finally, Piper Sandler boosted their price objective on shares of Glacier Bancorp from $47.00 to $49.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of "Moderate Buy" and an average price target of $50.00.

Glacier Bancorp Trading Up 5.0%

GBCI traded up $2.2750 during trading on Friday, hitting $47.7450. 232,692 shares of the company's stock were exchanged, compared to its average volume of 703,228. 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 1 year low of $36.76 and a 1 year high of $60.67. The stock has a 50 day moving average price of $44.53 and a 200 day moving average price of $44.05. The firm has a market cap of $5.66 billion, a P/E ratio of 28.54 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). 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 $0.39 EPS. As a group, analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Tuesday, July 8th were paid a $0.33 dividend. The ex-dividend date was Tuesday, July 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. Glacier Bancorp's dividend payout ratio is 68.75%.

Insider Buying and Selling at Glacier Bancorp

In other news, insider Lee Kenneth Groom sold 800 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $44.24, for a total value of $35,392.00. Following the completion of the transaction, the insider directly owned 11,918 shares in the company, valued at approximately $527,252.32. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.53% of the company's stock.

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.