Barclays PLC Boosts Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Barclays PLC grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 65.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 247,717 shares of the bank's stock after purchasing an additional 98,158 shares during the quarter. Barclays PLC owned approximately 0.22% of Glacier Bancorp worth $11,321,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pier Capital LLC acquired a new position in Glacier Bancorp in the third quarter valued at $7,443,000. Wolverine Trading LLC acquired a new position in Glacier Bancorp in the 3rd quarter valued at about $205,000. Stifel Financial Corp raised its stake in Glacier Bancorp by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 203,566 shares of the bank's stock valued at $9,303,000 after acquiring an additional 582 shares during the last quarter. Port Capital LLC grew its stake in shares of Glacier Bancorp by 0.3% in the 3rd quarter. Port Capital LLC now owns 659,913 shares of the bank's stock valued at $30,158,000 after purchasing an additional 1,850 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Glacier Bancorp by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank's stock valued at $277,000 after purchasing an additional 507 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on GBCI. Raymond James increased their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Truist Financial increased their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Finally, Piper Sandler lifted their price objective on Glacier Bancorp from $42.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Glacier Bancorp currently has an average rating of "Hold" and an average target price of $48.83.

Glacier Bancorp Trading Down 2.6 %

NASDAQ GBCI traded down $1.39 during mid-day trading on Tuesday, reaching $53.01. 752,036 shares of the stock were exchanged, compared to its average volume of 638,603. The stock has a market capitalization of $6.01 billion, a PE ratio of 32.72 and a beta of 0.79. 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 1-year low of $34.35 and a 1-year high of $60.67. The business's fifty day simple moving average is $53.66 and its 200 day simple moving average is $45.91.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, research analysts anticipate that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.49%. Glacier Bancorp's payout ratio is currently 81.48%.

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.