Mackenzie Financial Corp lifted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 92.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,880 shares of the bank's stock after purchasing an additional 6,182 shares during the period. Mackenzie Financial Corp's holdings in Glacier Bancorp were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of GBCI. Mather Group LLC. increased its holdings 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 purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in Glacier Bancorp in the 4th quarter valued at about $63,000. Bridge Generations Wealth Management LLC acquired a new position in Glacier Bancorp in the 4th quarter valued at about $70,000. Smartleaf Asset Management LLC grew its stake in shares of 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 buying an additional 431 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 80.17% of the company's stock.
Glacier Bancorp Stock Performance
Shares of NASDAQ GBCI traded up $0.21 during trading hours on Thursday, reaching $41.42. The stock had a trading volume of 558,623 shares, compared to its average volume of 641,158. The firm has a 50-day moving average of $41.17 and a 200-day moving average of $47.28. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 24.81 and a beta of 0.77. 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 fifty-two week low of $34.48 and a fifty-two week high of $60.67.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates 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 previous year, the company earned $0.29 earnings per share. Equities research analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.
Glacier Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders 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 3.19%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's payout ratio is currently 70.97%.
Analyst Ratings Changes
A number of research firms have commented 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 decreased their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. 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 report on Thursday. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $50.00.
Read Our Latest Analysis on GBCI
Glacier Bancorp Company Profile
(
Free Report)
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.
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