SG Americas Securities LLC Sells 272,694 Shares of Glacier Bancorp, Inc. $GBCI

Key Points

• SG Americas Securities LLC sold 272,694 shares of Glacier Bancorp in Q4, reducing its stake by 81.9% to 60,453 shares worth about $2.66 million, while institutional investors own roughly 80.17% of the stock.
• Analyst coverage is mixed with a consensus "Hold" and an average price target of $55.67 (three Buy, three Hold, one Sell).
• Glacier Bancorp recently missed EPS ($0.49 vs. $0.62 expected), trades near $45.50 with a $5.92B market cap and pays a $0.33 quarterly dividend (about a 2.9% yield).

SG Americas Securities LLC cut its position in Glacier Bancorp, Inc. (NYSE:GBCI - Free Report) by 81.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,453 shares of the company's stock after selling 272,694 shares during the quarter. SG Americas Securities LLC's holdings in Glacier Bancorp were worth $2,663,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Glacier Bancorp by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,488,822 shares of the company's stock worth $607,831,000 after buying an additional 419,849 shares during the period. Capital International Investors grew its stake in shares of Glacier Bancorp by 17.1% in the third quarter. Capital International Investors now owns 1,742,780 shares of the company's stock valued at $84,821,000 after acquiring an additional 254,514 shares in the last quarter. Northern Trust Corp increased its position in Glacier Bancorp by 1.0% during the third quarter. Northern Trust Corp now owns 1,657,366 shares of the company's stock worth $80,664,000 after acquiring an additional 16,646 shares during the period. Freestone Grove Partners LP raised its stake in Glacier Bancorp by 24.8% in the 3rd quarter. Freestone Grove Partners LP now owns 1,385,589 shares of the company's stock worth $67,437,000 after purchasing an additional 275,209 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Glacier Bancorp by 5.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company's stock worth $59,799,000 after purchasing an additional 73,756 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GBCI shares. Piper Sandler set a $59.00 target price on shares of Glacier Bancorp and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. DA Davidson boosted their price target on Glacier Bancorp from $55.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Brean Capital downgraded Glacier Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Keefe, Bruyette & Woods restated an "underperform" rating on shares of Glacier Bancorp in a research note on Monday, January 26th. Finally, Janney Montgomery Scott initiated coverage on Glacier Bancorp in a research report on Tuesday, February 10th. They set a "neutral" rating and a $55.00 target price for the company. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $55.67.

Glacier Bancorp Trading Down 0.0%

Shares of Glacier Bancorp stock opened at $45.50 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month high of $53.99. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 22.86 and a beta of 0.73. The firm's 50-day moving average price is $47.33 and its two-hundred day moving average price is $45.85.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.During the same quarter in the prior year, the company posted $0.54 EPS.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, April 7th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.32 annualized dividend and a yield of 2.9%. Glacier Bancorp's dividend payout ratio is presently 66.33%.

Glacier Bancorp Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.

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