D.A. Davidson & CO. Decreases Stock Position in Glacier Bancorp, Inc. $GBCI

D.A. Davidson & CO. reduced its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 9.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 126,639 shares of the company’s stock after selling 12,585 shares during the period. D.A. Davidson & CO.’s holdings in Glacier Bancorp were worth $5,578,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in shares of Glacier Bancorp by 20.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock valued at $78,000 after acquiring an additional 273 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Glacier Bancorp by 9.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,706 shares of the company’s stock valued at $163,000 after acquiring an additional 306 shares during the period. EP Wealth Advisors LLC grew its position in shares of Glacier Bancorp by 1.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 21,642 shares of the company’s stock valued at $932,000 after acquiring an additional 394 shares during the period. Xponance Inc. grew its position in shares of Glacier Bancorp by 2.5% during the 3rd quarter. Xponance Inc. now owns 16,872 shares of the company’s stock valued at $821,000 after acquiring an additional 418 shares during the period. Finally, Dakota Wealth Management grew its position in shares of Glacier Bancorp by 1.4% during the 4th quarter. Dakota Wealth Management now owns 32,611 shares of the company’s stock valued at $1,437,000 after acquiring an additional 460 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GBCI. Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of Glacier Bancorp in a report on Monday, January 26th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Piper Sandler upped their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Stephens upped their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $55.17.

Glacier Bancorp Trading Down 2.6%

Shares of Glacier Bancorp stock opened at $48.17 on Thursday. The company has a market capitalization of $6.27 billion, a P/E ratio of 22.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. The company has a fifty day moving average of $46.32 and a 200 day moving average of $45.81. Glacier Bancorp, Inc. has a fifty-two week low of $39.77 and a fifty-two week high of $53.99.

Glacier Bancorp (NYSE:GBCI) last issued its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The company had revenue of $306.76 million during the quarter. During the same period in the prior year, the company posted $0.48 EPS. On average, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is 61.68%.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.