Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Copperwynd Financial LLC

Copperwynd Financial LLC trimmed its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 418,859 shares of the bank's stock after selling 26,500 shares during the period. Glacier Bancorp comprises about 6.9% of Copperwynd Financial LLC's investment portfolio, making the stock its 3rd biggest position. Copperwynd Financial LLC owned about 0.38% of Glacier Bancorp worth $17,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cooke & Bieler LP lifted its position in Glacier Bancorp by 34.0% in the fourth quarter. Cooke & Bieler LP now owns 3,239,276 shares of the bank's stock worth $133,847,000 after purchasing an additional 821,199 shares during the period. Norges Bank bought a new position in shares of Glacier Bancorp during the 4th quarter worth about $32,617,000. Envestnet Asset Management Inc. boosted its position in shares of Glacier Bancorp by 361.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 902,610 shares of the bank's stock valued at $25,724,000 after acquiring an additional 706,833 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Glacier Bancorp by 5,065.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 586,360 shares of the bank's stock valued at $24,228,000 after acquiring an additional 575,008 shares during the period. Finally, FMR LLC increased its stake in Glacier Bancorp by 50.1% in the third quarter. FMR LLC now owns 1,360,803 shares of the bank's stock valued at $38,783,000 after acquiring an additional 454,289 shares during the period. Institutional investors own 80.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com raised Glacier Bancorp to a "sell" rating in a report on Tuesday, March 19th. Stephens dropped their price objective on Glacier Bancorp from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 23rd. DA Davidson reduced their target price on shares of Glacier Bancorp from $48.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, April 22nd. Raymond James increased their target price on shares of Glacier Bancorp from $36.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. Finally, Truist Financial cut their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a "hold" rating for the company in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Glacier Bancorp has a consensus rating of "Hold" and a consensus price target of $40.40.

Glacier Bancorp Trading Down 0.1 %

NASDAQ GBCI traded down $0.04 during trading hours on Monday, hitting $37.08. The company's stock had a trading volume of 623,358 shares, compared to its average volume of 754,792. The stock has a fifty day moving average of $37.86 and a 200 day moving average of $37.01. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76. Glacier Bancorp, Inc. has a twelve month low of $26.77 and a twelve month high of $44.06. The firm has a market capitalization of $4.20 billion, a P/E ratio of 21.19 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The bank reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The company had revenue of $196.47 million during the quarter, compared to analyst estimates of $202.66 million. Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The business's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. Equities research analysts forecast that Glacier Bancorp, Inc. will post 1.68 earnings per share for the current fiscal year.

Glacier Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.33 per share. This is a positive change from Glacier Bancorp's previous quarterly dividend of $0.10. This represents a $1.32 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, April 8th. Glacier Bancorp's payout ratio is presently 75.43%.

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.

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