Deutsche Bank AG Increases Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Deutsche Bank AG boosted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 49.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 98,924 shares of the bank's stock after buying an additional 32,678 shares during the period. Deutsche Bank AG owned 0.09% of Glacier Bancorp worth $4,968,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GBCI. Mather Group LLC. boosted its holdings in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in shares of Glacier Bancorp during the 4th quarter valued at about $63,000. Bridge Generations Wealth Management LLC bought a new position in shares of Glacier Bancorp during the 4th quarter valued at about $70,000. Smartleaf Asset Management LLC boosted its holdings in shares of Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock valued at $144,000 after purchasing an additional 431 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Glacier Bancorp during the 4th quarter valued at about $146,000. Hedge funds and other institutional investors own 80.17% of the company's stock.

Glacier Bancorp Trading Down 1.1%

Shares of NASDAQ GBCI traded down $0.45 during midday trading on Friday, hitting $40.70. The company's stock had a trading volume of 356,913 shares, compared to its average volume of 634,489. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $41.73 and its two-hundred day moving average is $48.07. Glacier Bancorp, Inc. has a 12-month low of $34.48 and a 12-month high of $60.67. The firm has a market cap of $4.62 billion, a P/E ratio of 24.37 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $0.29 EPS. As a group, equities research analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on GBCI shares. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Piper Sandler lowered their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Finally, Raymond James set a $45.00 price target on shares of Glacier Bancorp 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.50.

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.