CX Institutional Sells 205 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

CX Institutional cut its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,325 shares of the bank’s stock after selling 205 shares during the quarter. CX Institutional’s holdings in Glacier Bancorp were worth $820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in GBCI. Pacer Advisors Inc. grew its stake in shares of Glacier Bancorp by 2.6% in the second quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank’s stock worth $632,000 after acquiring an additional 427 shares during the last quarter. Cladis Investment Advisory LLC grew its position in Glacier Bancorp by 1.6% in the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after purchasing an additional 500 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Glacier Bancorp by 9.4% during the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after purchasing an additional 507 shares during the period. GAMMA Investing LLC raised its position in shares of Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after buying an additional 526 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Glacier Bancorp by 0.3% in the third quarter. Stifel Financial Corp now owns 203,566 shares of the bank’s stock valued at $9,303,000 after buying an additional 582 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Down 1.6 %

Shares of NASDAQ GBCI opened at $50.53 on Friday. The business has a fifty day moving average of $53.10 and a two-hundred day moving average of $48.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The stock has a market cap of $5.73 billion, a PE ratio of 31.19 and a beta of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. The firm had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, equities research analysts expect that Glacier Bancorp, Inc. will post 1.73 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.61%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised their target price on Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods boosted their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Raymond James reaffirmed an “outperform” rating and set a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.00.

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.