Corebridge Financial Inc. Has $9.25 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Corebridge Financial Inc. decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,169 shares of the bank’s stock after selling 10,001 shares during the quarter. Corebridge Financial Inc.’s holdings in Glacier Bancorp were worth $9,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. raised its position 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 bought a new position in Glacier Bancorp in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC raised its holdings in Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after buying an additional 431 shares during the last quarter. GAMMA Investing LLC boosted its position in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after buying an additional 526 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Glacier Bancorp by 19.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after acquiring an additional 578 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

GBCI has been the topic of a number of recent research reports. Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Piper Sandler cut their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Raymond James reissued an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Down 0.9 %

Shares of NASDAQ:GBCI opened at $44.85 on Friday. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50-day moving average is $48.13 and its 200-day moving average is $49.82. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 26.86 and a beta of 0.77.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

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.