Glacier Bancorp, Inc. (NASDAQ:GBCI) Holdings Reduced by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC trimmed its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,169,459 shares of the bank's stock after selling 16,119 shares during the period. Glacier Bancorp makes up 1.1% of Silvercrest Asset Management Group LLC's investment portfolio, making the stock its 8th largest holding. Silvercrest Asset Management Group LLC owned about 2.79% of Glacier Bancorp worth $159,170,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC raised its position in Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after buying an additional 98,158 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Glacier Bancorp during the 4th quarter worth $716,000. Raymond James Financial Inc. bought a new position in shares of Glacier Bancorp during the 4th quarter worth $9,544,000. JPMorgan Chase & Co. grew its holdings in Glacier Bancorp by 76.0% during the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock valued at $28,192,000 after buying an additional 242,414 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Glacier Bancorp during the 4th quarter valued at about $281,000. 80.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GBCI. Raymond James set a $45.00 target price on Glacier Bancorp in a research note on Monday, April 28th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Piper Sandler lowered their target price on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their target price on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.50.

Glacier Bancorp Price Performance

GBCI traded down $0.30 on Monday, hitting $42.44. 644,380 shares of the company's stock traded hands, compared to its average volume of 627,488. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a one year low of $34.48 and a one year high of $60.67. The company's 50 day simple moving average is $42.04 and its 200-day simple moving average is $48.44. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 25.41 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, 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 quarter in the previous year, the company posted $0.29 earnings per share. As a group, research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were issued a $0.33 dividend. 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 is currently 70.97%.

Glacier Bancorp 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.