M&T Bank Corp Has $4.28 Million Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

M&T Bank Corp grew its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 23.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,672 shares of the bank's stock after acquiring an additional 19,911 shares during the period. M&T Bank Corp owned 0.09% of Glacier Bancorp worth $4,284,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Glacier Bancorp by 6.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 41,876 shares of the bank's stock worth $1,193,000 after buying an additional 2,415 shares during the period. Raymond James & Associates boosted its holdings in shares of Glacier Bancorp by 3.1% during the 3rd quarter. Raymond James & Associates now owns 991,073 shares of the bank's stock worth $28,246,000 after buying an additional 29,482 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Glacier Bancorp by 22.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,911 shares of the bank's stock worth $653,000 after buying an additional 4,271 shares during the period. Inspire Investing LLC boosted its holdings in Glacier Bancorp by 6.9% in the 3rd quarter. Inspire Investing LLC now owns 10,711 shares of the bank's stock valued at $305,000 after purchasing an additional 687 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Glacier Bancorp by 14.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,257 shares of the bank's stock valued at $93,000 after purchasing an additional 413 shares during the period. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Price Performance

Shares of GBCI stock traded up $0.26 during mid-day trading on Tuesday, reaching $38.16. The company's stock had a trading volume of 650,701 shares, compared to its average volume of 734,857. Glacier Bancorp, Inc. has a 1-year low of $26.77 and a 1-year high of $44.06. The company has a market cap of $4.33 billion, a P/E ratio of 21.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 0.79. The firm's 50-day moving average is $37.97 and its two-hundred day moving average is $37.31.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.04). The business 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 company's quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. On average, research analysts predict that Glacier Bancorp, Inc. will post 1.68 earnings per share for the current year.

Glacier Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Monday, April 8th. This is a boost from Glacier Bancorp's previous quarterly dividend of $0.10. Glacier Bancorp's dividend payout ratio (DPR) is presently 75.43%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GBCI. DA Davidson reduced their price target on shares of Glacier Bancorp from $48.00 to $45.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Truist Financial reduced 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. StockNews.com raised shares of Glacier Bancorp to a "sell" rating in a report on Tuesday, March 19th. Finally, Stephens reduced their price target on shares of Glacier Bancorp from $44.00 to $40.00 and set an "equal weight" rating for the company in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $40.40.

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.