Freestone Grove Partners LP bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 125,552 shares of the bank's stock, valued at approximately $6,305,000. Freestone Grove Partners LP owned approximately 0.11% of Glacier Bancorp at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares 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 purchasing an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp during the 4th quarter worth $63,000. Bridge Generations Wealth Management LLC purchased a new stake in Glacier Bancorp in the fourth quarter valued at $70,000. Smartleaf Asset Management LLC boosted its stake in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock valued at $144,000 after acquiring an additional 431 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Glacier Bancorp during the fourth quarter worth about $146,000. 80.17% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Piper Sandler cut their target price 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. Finally, Raymond James set a $45.00 price target on shares of Glacier Bancorp in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $50.50.
Check Out Our Latest Stock Report on Glacier Bancorp
Glacier Bancorp Stock Performance
GBCI traded up $1.35 during trading on Thursday, hitting $42.50. The stock had a trading volume of 115,093 shares, compared to its average volume of 615,124. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a twelve month low of $34.48 and a twelve month high of $60.67. The company's 50-day moving average price is $42.43 and its 200 day moving average price is $48.77. The firm has a market capitalization of $4.82 billion, a P/E ratio of 25.45 and a beta of 0.79.
Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $0.29 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.11%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 70.97%.
Glacier Bancorp Company Profile
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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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