Nomura Holdings Inc. bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,018 shares of the bank's stock, valued at approximately $754,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. raised its holdings in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after acquiring an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Glacier Bancorp during the 4th quarter valued at $63,000. Bridge Generations Wealth Management LLC acquired a new position in Glacier Bancorp during the 4th quarter worth about $70,000. Smartleaf Asset Management LLC raised its position 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 worth $144,000 after acquiring an additional 431 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Glacier Bancorp in the 4th quarter worth about $146,000. Institutional investors own 80.17% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on GBCI shares. Keefe, Bruyette & Woods reduced their target price on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Piper Sandler cut their target price on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, Raymond James set a $45.00 target price 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 assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $50.50.
View Our Latest Stock Analysis on GBCI
Glacier Bancorp Stock Down 1.1%
Shares of GBCI traded down $0.45 during mid-day 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. Glacier Bancorp, Inc. has a 52-week low of $34.48 and a 52-week high of $60.67. The company's 50-day moving average is $41.73 and its 200-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. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 24.37 and a beta of 0.79.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping 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 company earned $0.29 earnings per share. On average, equities research analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.
Glacier Bancorp Dividend Announcement
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is presently 70.97%.
Glacier Bancorp 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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