Jane Street Group LLC Reduces Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Jane Street Group LLC cut its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 54.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,992 shares of the bank's stock after selling 60,772 shares during the quarter. Jane Street Group LLC's holdings in Glacier Bancorp were worth $2,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after acquiring an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in Glacier Bancorp in the fourth quarter valued at $63,000. Bridge Generations Wealth Management LLC bought a new stake in Glacier Bancorp during the fourth quarter valued at $70,000. Smartleaf Asset Management LLC grew its holdings 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 period. 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 own 80.17% of the company's stock.

Glacier Bancorp Stock Down 0.9%

Shares of GBCI traded down $0.40 on Tuesday, reaching $42.12. The company's stock had a trading volume of 107,179 shares, compared to its average volume of 625,467. Glacier Bancorp, Inc. has a twelve month low of $34.48 and a twelve month high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average of $42.00 and a 200-day moving average of $48.38. The stock has a market capitalization of $4.78 billion, a PE ratio of 25.20 and a beta of 0.79.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, beating 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 period in the prior year, the company earned $0.29 earnings per share. Equities analysts predict that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is currently 70.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GBCI shares. Raymond James set a $45.00 target price on Glacier Bancorp in a research report on Monday, April 28th. Keefe, Bruyette & Woods reduced their price target on shares of Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company 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 report on Monday, March 3rd. Finally, Piper Sandler reduced their target price 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. One investment 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 stock. According to MarketBeat, Glacier Bancorp has a consensus rating of "Hold" and a consensus price target of $50.50.

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.