Tower Research Capital LLC TRC Has $620,000 Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Tower Research Capital LLC TRC boosted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 168.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,348 shares of the bank's stock after purchasing an additional 7,751 shares during the quarter. Tower Research Capital LLC TRC's holdings in Glacier Bancorp were worth $620,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after buying an additional 98,158 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Glacier Bancorp in the 4th quarter valued at approximately $716,000. Raymond James Financial Inc. bought a new stake in shares of Glacier Bancorp in the 4th quarter worth approximately $9,544,000. JPMorgan Chase & Co. grew its holdings in shares of Glacier Bancorp by 76.0% during the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after purchasing an additional 242,414 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Glacier Bancorp during the fourth quarter valued at approximately $281,000. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Stock Down 4.2 %

Shares of NASDAQ GBCI opened at $40.81 on Monday. Glacier Bancorp, Inc. has a 52-week low of $34.48 and a 52-week high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The business has a fifty day moving average of $43.58 and a two-hundred day moving average of $49.16. The stock has a market cap of $4.63 billion, a PE ratio of 24.44 and a beta of 0.80.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were given a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.23%. Glacier Bancorp's dividend payout ratio (DPR) is presently 79.04%.

Analyst Ratings Changes

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

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.

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