Natixis Invests $4.52 Million in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Natixis bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,000 shares of the bank's stock, valued at approximately $4,520,000. Natixis owned 0.08% of Glacier Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in GBCI. Mather Group LLC. increased its stake 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 purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in Glacier Bancorp in the fourth quarter valued at approximately $63,000. Bridge Generations Wealth Management LLC purchased a new position in Glacier Bancorp in the fourth quarter valued at approximately $70,000. Smartleaf Asset Management LLC increased its stake in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock valued at $144,000 after purchasing an additional 431 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Glacier Bancorp in the fourth quarter valued at approximately $146,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Performance

Shares of NASDAQ GBCI traded down $1.81 during mid-day trading on Friday, hitting $40.81. 962,465 shares of the company were exchanged, compared to its average volume of 615,543. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $43.58 and a 200-day simple moving average of $49.16. Glacier Bancorp, Inc. has a 1-year low of $34.48 and a 1-year high of $60.67. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 24.44 and a beta of 0.80.

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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is presently 79.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GBCI shares. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Raymond James reissued an "outperform" rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.00.

Glacier Bancorp 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.