EP Wealth Advisors LLC Sells 881 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

EP Wealth Advisors LLC lessened its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,992 shares of the bank’s stock after selling 881 shares during the quarter. EP Wealth Advisors LLC’s holdings in Glacier Bancorp were worth $1,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Glacier Bancorp during the 4th quarter valued at about $56,923,000. Madison Investment Advisors LLC bought a new stake in shares of Glacier Bancorp during the 4th quarter worth $47,770,000. JPMorgan Chase & Co. grew its stake in Glacier Bancorp by 76.0% in the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank’s stock valued at $28,192,000 after buying an additional 242,414 shares during the last quarter. Raymond James Financial Inc. bought a new position in Glacier Bancorp in the 4th quarter worth $9,544,000. Finally, Prudential Financial Inc. boosted its holdings in Glacier Bancorp by 1,114.9% during the fourth quarter. Prudential Financial Inc. now owns 191,816 shares of the bank’s stock valued at $9,633,000 after acquiring an additional 176,028 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GBCI. Piper Sandler dropped their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Raymond James set a $45.00 price target on Glacier Bancorp in a report on Monday, April 28th. Keefe, Bruyette & Woods lowered their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Finally, Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. 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 stock has an average rating of “Hold” and an average target price of $50.50.

Glacier Bancorp Stock Performance

GBCI opened at $42.16 on Friday. The stock’s 50 day simple moving average is $42.23 and its 200-day simple moving average is $48.73. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market cap of $4.79 billion, a PE ratio of 25.25 and a beta of 0.79. Glacier Bancorp, Inc. has a 1 year low of $34.48 and a 1 year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period last year, the firm posted $0.29 EPS. Sell-side analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is 70.97%.

About Glacier Bancorp

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.