Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,478,811 shares of the bank's stock after purchasing an additional 65,372 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.33% of Glacier Bancorp worth $61,104,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Glacier Bancorp by 409.4% in the 4th quarter. Allworth Financial LP now owns 596 shares of the bank's stock worth $25,000 after buying an additional 479 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Glacier Bancorp in the fourth quarter worth about $25,000. FNY Investment Advisers LLC acquired a new position in Glacier Bancorp during the fourth quarter worth about $28,000. Selway Asset Management purchased a new stake in Glacier Bancorp during the 3rd quarter valued at about $47,000. Finally, Allspring Global Investments Holdings LLC raised 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 acquiring an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.

Analysts Set New Price Targets

GBCI has been the subject of several analyst reports. Truist Financial dropped their target price on Glacier Bancorp from $42.00 to $40.00 and set a "hold" rating for the company in a report on Monday, April 22nd. DA Davidson cut 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. StockNews.com upgraded Glacier Bancorp to a "sell" rating in a report on Tuesday, March 19th. Finally, Stephens cut their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $40.40.

Glacier Bancorp Trading Down 0.7 %

NASDAQ GBCI traded down $0.27 during trading on Thursday, hitting $38.80. The stock had a trading volume of 306,708 shares, compared to its average volume of 707,845. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $4.40 billion, a PE ratio of 22.31 and a beta of 0.81. The firm has a 50 day moving average price of $38.08 and a 200 day moving average price of $37.64. Glacier Bancorp, Inc. has a twelve month low of $26.83 and a twelve month high of $44.06.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $196.47 million during the quarter, compared to analysts' expectations of $202.66 million. Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. As a group, equities research analysts forecast that Glacier Bancorp, Inc. will post 1.64 earnings per share for the current year.

Glacier Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, April 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Monday, April 8th. This is a positive change from Glacier Bancorp's previous quarterly dividend of $0.10. This represents a $1.32 dividend on an annualized basis and a yield of 3.40%. Glacier Bancorp's dividend payout ratio (DPR) is 75.43%.

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.