Deutsche Bank AG Boosts Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Deutsche Bank AG increased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 49.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,924 shares of the bank's stock after purchasing an additional 32,678 shares during the period. Deutsche Bank AG owned 0.09% of Glacier Bancorp worth $4,968,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GBCI. Barclays PLC grew its stake in shares of Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank's stock worth $11,321,000 after purchasing an additional 98,158 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter worth $273,000. SG Americas Securities LLC lifted its position in Glacier Bancorp by 39.2% in the fourth quarter. SG Americas Securities LLC now owns 15,873 shares of the bank's stock valued at $797,000 after acquiring an additional 4,469 shares during the last quarter. B.O.S.S. Retirement Advisors LLC purchased a new stake in Glacier Bancorp in the fourth quarter valued at $251,000. Finally, Blue Trust Inc. lifted its position in Glacier Bancorp by 192.9% in the fourth quarter. Blue Trust Inc. now owns 5,087 shares of the bank's stock valued at $232,000 after acquiring an additional 3,350 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

Shares of NASDAQ:GBCI traded up $0.34 on Thursday, reaching $41.19. The company's stock had a trading volume of 802,003 shares, compared to its average volume of 632,476. The stock's 50-day moving average is $41.89 and its two-hundred day moving average is $48.29. Glacier Bancorp, Inc. has a 52-week low of $34.48 and a 52-week high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $4.68 billion, a P/E ratio of 24.66 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, beating 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 business earned $0.29 earnings per share. As a group, sell-side analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.20%. Glacier Bancorp's payout ratio is 70.97%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced 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 research report on Monday, April 28th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Raymond James set a $45.00 price target on shares of Glacier Bancorp in a research report on Monday, April 28th. Finally, Piper Sandler reduced their price target 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Glacier Bancorp presently has an average rating of "Hold" and a consensus target price of $50.50.

Glacier Bancorp 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.