Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Sapience Investments LLC

Sapience Investments LLC trimmed its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,602 shares of the bank's stock after selling 25,611 shares during the quarter. Glacier Bancorp comprises about 2.1% of Sapience Investments LLC's investment portfolio, making the stock its 8th largest holding. Sapience Investments LLC owned approximately 0.06% of Glacier Bancorp worth $3,546,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its position in Glacier Bancorp by 5.3% in the fourth quarter. Signaturefd LLC now owns 3,978 shares of the bank's stock valued at $200,000 after buying an additional 201 shares during the last quarter. Piedmont Capital Management LLC boosted its holdings in shares of Glacier Bancorp by 4.5% in the 4th quarter. Piedmont Capital Management LLC now owns 5,256 shares of the bank's stock valued at $262,000 after acquiring an additional 224 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Glacier Bancorp by 0.8% in the fourth quarter. Arizona State Retirement System now owns 32,909 shares of the bank's stock worth $1,653,000 after acquiring an additional 259 shares during the period. Mariner LLC lifted its position in Glacier Bancorp by 2.4% during the fourth quarter. Mariner LLC now owns 12,430 shares of the bank's stock valued at $624,000 after purchasing an additional 292 shares during the period. Finally, Financial Advocates Investment Management grew its position in Glacier Bancorp by 1.9% during the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank's stock worth $817,000 after purchasing an additional 311 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James set a $45.00 target price on shares of Glacier Bancorp in a report on Monday, April 28th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Piper Sandler cut their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their target price on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a report on Monday, April 28th. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.50.

Glacier Bancorp Stock Up 1.3%

GBCI stock traded up $0.52 during midday trading on Thursday, reaching $41.37. 333,658 shares of the company were exchanged, compared to its average volume of 630,658. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 24.77 and a beta of 0.79. Glacier Bancorp, Inc. has a 1-year low of $34.48 and a 1-year high of $60.67. The stock's 50-day simple moving average is $41.89 and its 200 day simple moving average is $48.29. 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 (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, beating 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 period in the prior year, the firm earned $0.29 EPS. On average, equities analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company 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 annualized dividend and a yield of 3.19%. Glacier Bancorp's payout ratio is currently 70.97%.

Glacier Bancorp Company Profile

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.