Segall Bryant & Hamill LLC Reduces Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Segall Bryant & Hamill LLC lowered its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,040,904 shares of the bank's stock after selling 21,390 shares during the quarter. Glacier Bancorp makes up about 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 16th largest holding. Segall Bryant & Hamill LLC owned 0.92% of Glacier Bancorp worth $46,029,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wood Tarver Financial Group LLC purchased a new position in Glacier Bancorp during the fourth quarter worth about $33,000. JNBA Financial Advisors acquired a new stake in shares of Glacier Bancorp during the 1st quarter worth approximately $35,000. UMB Bank n.a. raised its position in shares of Glacier Bancorp by 114.9% during the 1st quarter. UMB Bank n.a. now owns 838 shares of the bank's stock valued at $37,000 after buying an additional 448 shares during the period. Farther Finance Advisors LLC lifted its holdings in Glacier Bancorp by 252.1% in the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank's stock valued at $62,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Bridge Generations Wealth Management LLC purchased a new position in Glacier Bancorp in the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 80.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GBCI shares. DA Davidson restated a "buy" rating and issued a $50.00 price objective on shares of Glacier Bancorp in a report on Wednesday, June 25th. Keefe, Bruyette & Woods boosted their target price on Glacier Bancorp from $50.00 to $52.00 and gave the company a "market perform" rating in a research report on Friday, June 27th. Raymond James Financial restated an "outperform" rating and set a $48.00 price target (up from $45.00) on shares of Glacier Bancorp in a research report on Thursday, June 26th. Finally, Janney Montgomery Scott upgraded Glacier Bancorp from a "neutral" rating to a "buy" rating and set a $48.00 price objective on the stock in a report on Thursday, June 5th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Glacier Bancorp currently has a consensus rating of "Moderate Buy" and an average target price of $50.83.

Glacier Bancorp Price Performance

Shares of GBCI traded up $0.80 on Thursday, reaching $45.82. The stock had a trading volume of 412,688 shares, compared to its average volume of 663,615. Glacier Bancorp, Inc. has a twelve month low of $36.76 and a twelve month high of $60.67. The firm has a market capitalization of $5.20 billion, a PE ratio of 27.40 and a beta of 0.77. The firm has a 50-day moving average of $43.00 and a 200 day moving average of $44.92. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its 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 quarter in the previous year, the company earned $0.29 earnings per share. Sell-side analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Tuesday, July 8th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $1.32 annualized dividend and a yield of 2.88%. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

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.