Barclays PLC Has $14.94 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Barclays PLC increased its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 20.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 297,388 shares of the bank's stock after purchasing an additional 49,671 shares during the period. Barclays PLC owned 0.26% of Glacier Bancorp worth $14,935,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of Glacier Bancorp by 4.6% during the 4th 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 last quarter. Norges Bank bought a new position in shares of Glacier Bancorp in the fourth quarter valued at about $56,923,000. Segall Bryant & Hamill LLC lifted its stake in shares of Glacier Bancorp by 1.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank's stock worth $53,348,000 after buying an additional 12,035 shares during the last quarter. Fisher Asset Management LLC boosted its holdings 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 buying an additional 163,061 shares during the period. Finally, Madison Investment Advisors LLC acquired a new position in Glacier Bancorp in the 4th quarter valued at about $47,770,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Analysts Set New Price Targets

GBCI has been the subject of a number of recent research reports. Piper Sandler reduced their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Raymond James reaffirmed an "outperform" rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $56.00.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock traded up $0.68 during trading on Thursday, reaching $42.50. 764,965 shares of the company's stock were exchanged, compared to its average volume of 613,348. The firm's 50-day moving average price is $43.92 and its 200 day moving average price is $49.16. The company has a market cap of $4.82 billion, a P/E ratio of 25.45 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a 1-year low of $34.48 and a 1-year high of $60.67.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.11%. Glacier Bancorp's payout ratio is currently 79.04%.

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.