Snyder Capital Management L P Has $56.45 Million Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Snyder Capital Management L P boosted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,123,980 shares of the bank's stock after purchasing an additional 37,472 shares during the period. Snyder Capital Management L P owned 0.99% of Glacier Bancorp worth $56,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its stake in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in Glacier Bancorp during the 4th quarter worth $63,000. Bridge Generations Wealth Management LLC acquired a new position in Glacier Bancorp during the 4th quarter worth $70,000. Smartleaf Asset Management LLC lifted its position in 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 last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Glacier Bancorp during the 4th quarter worth $146,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Down 1.6 %

Shares of Glacier Bancorp stock traded down $0.68 during trading on Wednesday, reaching $40.68. 141,474 shares of the company were exchanged, compared to its average volume of 612,861. 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, Inc. has a twelve month low of $34.48 and a twelve month high of $60.67. The business has a 50-day moving average price of $43.24 and a 200-day moving average price of $49.06. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 24.36 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the firm earned $0.29 earnings per share. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.24%. Glacier Bancorp's payout ratio is 70.97%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler cut their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a research report on Monday. Finally, Raymond James set a $45.00 price objective on shares of Glacier Bancorp in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.