Financial Engines Advisors L.L.C. Buys Shares of 6,746 Glacier Bancorp, Inc. (NASDAQ:GBCI)

Financial Engines Advisors L.L.C. bought a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, Holdings Channel reports. The firm bought 6,746 shares of the bank’s stock, valued at approximately $339,000.

Several other large investors have also modified their holdings of GBCI. Geode Capital Management LLC increased its position in Glacier Bancorp by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock worth $132,662,000 after purchasing an additional 41,160 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Glacier Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank’s stock valued at $74,402,000 after buying an additional 49,006 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Glacier Bancorp by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock worth $59,988,000 after acquiring an additional 52,566 shares during the period. Segall Bryant & Hamill LLC raised its position in Glacier Bancorp by 1.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank’s stock worth $53,348,000 after acquiring an additional 12,035 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Glacier Bancorp by 19.9% during the 4th quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock worth $49,419,000 after purchasing an additional 163,061 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Down 0.9 %

GBCI stock opened at $44.85 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The firm has a market capitalization of $5.09 billion, a PE ratio of 26.86 and a beta of 0.77. The company’s 50 day simple moving average is $48.13 and its 200-day simple moving average is $49.82.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th will be given a $0.33 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.94%. Glacier Bancorp’s dividend payout ratio is currently 79.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GBCI. Piper Sandler lowered their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their target price 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. Raymond James reissued an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.50.

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.