ProShare Advisors LLC Purchases 10,921 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

ProShare Advisors LLC increased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 41.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,392 shares of the bank's stock after purchasing an additional 10,921 shares during the quarter. ProShare Advisors LLC's holdings in Glacier Bancorp were worth $1,878,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. 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 report on Monday, April 28th. Piper Sandler reduced 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 note on Monday, January 27th. Finally, Raymond James set a $45.00 target price on Glacier Bancorp in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given 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, the stock presently has an average rating of "Hold" and a consensus target price of $50.50.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock traded down $0.45 on Monday, reaching $40.70. The stock had a trading volume of 356,913 shares, compared to its average volume of 634,489. The business's 50 day moving average is $41.73 and its two-hundred day moving average is $48.02. 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 $34.48 and a 1 year high of $60.67. The company 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 posted its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 EPS. As a group, research analysts anticipate 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. Investors of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's payout ratio is 70.97%.

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.