Silvercrest Asset Management Group LLC Has $159.17 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Silvercrest Asset Management Group LLC decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,169,459 shares of the bank's stock after selling 16,119 shares during the quarter. Glacier Bancorp comprises approximately 1.1% of Silvercrest Asset Management Group LLC's investment portfolio, making the stock its 8th largest position. Silvercrest Asset Management Group LLC owned approximately 2.79% of Glacier Bancorp worth $159,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. raised its stake 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 buying an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in Glacier Bancorp during the fourth quarter valued at $63,000. Bridge Generations Wealth Management LLC acquired a new stake in Glacier Bancorp during the 4th quarter worth about $70,000. Smartleaf Asset Management LLC raised its position in shares of Glacier Bancorp by 17.7% in 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 in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Glacier Bancorp in the 4th quarter worth about $146,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GBCI. Keefe, Bruyette & Woods cut their target price on 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. Raymond James set a $45.00 price target on Glacier Bancorp in a report on Monday, April 28th. Piper Sandler lowered their price objective on shares of 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, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Glacier Bancorp currently has a consensus rating of "Hold" and a consensus price target of $50.50.

Glacier Bancorp Stock Down 2.9%

NASDAQ GBCI traded down $1.24 during mid-day trading on Wednesday, hitting $41.20. The company's stock had a trading volume of 212,609 shares, compared to its average volume of 628,764. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 24.69 and a beta of 0.79. The company's 50 day simple moving average is $41.97 and its 200 day simple moving average is $48.34. 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 twelve month low of $34.48 and a twelve month high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $0.29 earnings per share. Analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 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.