Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC decreased its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 15.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 764,684 shares of the bank's stock after selling 141,387 shares during the quarter. Dearborn Partners LLC owned 0.69% of Glacier Bancorp worth $31,597,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Allworth Financial LP increased its stake in Glacier Bancorp by 409.4% during the 4th quarter. Allworth Financial LP now owns 596 shares of the bank's stock worth $25,000 after buying an additional 479 shares in the last quarter. Barclays PLC increased its stake in Glacier Bancorp by 1,498.3% during the 3rd quarter. Barclays PLC now owns 943 shares of the bank's stock worth $27,000 after buying an additional 884 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Glacier Bancorp during the 4th quarter worth approximately $28,000. VisionPoint Advisory Group LLC purchased a new stake in Glacier Bancorp during the 2nd quarter worth approximately $36,000. Finally, Point72 Asset Management L.P. purchased a new stake in Glacier Bancorp during the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

Shares of GBCI stock traded up $0.69 during mid-day trading on Tuesday, hitting $39.64. 591,188 shares of the stock were exchanged, compared to its average volume of 756,600. The stock's fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $36.21. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 19.03 and a beta of 0.80. Glacier Bancorp, Inc. has a 12-month low of $26.77 and a 12-month high of $44.06. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.08. The company had revenue of $197.32 million for the quarter, compared to analyst estimates of $198.32 million. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The business's quarterly revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. On average, analysts forecast that Glacier Bancorp, Inc. will post 1.82 EPS for the current year.

Glacier Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Tuesday, April 9th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Glacier Bancorp's previous quarterly dividend of $0.10. Glacier Bancorp's dividend payout ratio (DPR) is currently 65.67%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GBCI shares. StockNews.com upgraded Glacier Bancorp to a "sell" rating in a research report on Tuesday, March 19th. Raymond James upped their price objective on Glacier Bancorp from $36.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, January 5th. Finally, Truist Financial decreased their price objective on Glacier Bancorp from $45.00 to $42.00 and set a "hold" rating on the stock in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $37.80.

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.