Westwood Holdings Group Inc. Decreases Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Westwood Holdings Group Inc. lowered its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 18.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 579,568 shares of the bank's stock after selling 132,081 shares during the period. Westwood Holdings Group Inc. owned 0.51% of Glacier Bancorp worth $29,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after acquiring an additional 362 shares during the period. VisionPoint Advisory Group LLC purchased a new position in shares of Glacier Bancorp during the 4th quarter worth $63,000. Bridge Generations Wealth Management LLC purchased a new position in shares of Glacier Bancorp during the 4th quarter worth $70,000. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% during 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 during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Glacier Bancorp during the 4th quarter worth $146,000. Hedge funds and other institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Down 0.7%

Shares of NASDAQ:GBCI opened at $42.44 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $4.82 billion, a PE ratio of 25.41 and a beta of 0.79. The firm's 50-day moving average is $42.00 and its two-hundred day moving average is $48.38. Glacier Bancorp, Inc. has a 1 year low of $34.48 and a 1 year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued 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 quarter last year, the firm earned $0.29 EPS. Analysts predict that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.11%. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.

Analyst Ratings Changes

Several analysts recently issued reports on GBCI shares. Keefe, Bruyette & Woods reduced 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. Piper Sandler reduced their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Raymond James set a $45.00 price objective on shares of Glacier Bancorp in a report on Monday, April 28th. Finally, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $50.50.

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.

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