Capital International Investors Has $105.09 Million Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Capital International Investors lifted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,092,571 shares of the bank's stock after buying an additional 115,620 shares during the period. Capital International Investors owned approximately 1.85% of Glacier Bancorp worth $105,089,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mather Group LLC. raised its position in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after acquiring an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Glacier Bancorp in the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock worth $144,000 after purchasing an additional 431 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 526 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Glacier Bancorp by 19.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock worth $177,000 after buying an additional 578 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Analyst Ratings Changes

GBCI has been the subject of a number of recent research reports. Piper Sandler cut their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Raymond James reissued an "outperform" rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. One equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $52.80.

Glacier Bancorp Stock Up 3.1 %

Shares of GBCI traded up $1.25 during mid-day trading on Wednesday, reaching $41.83. The company's stock had a trading volume of 630,840 shares, compared to its average volume of 612,588. Glacier Bancorp, Inc. has a 1 year low of $34.48 and a 1 year high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 25.05 and a beta of 0.80. The business has a fifty day moving average of $44.08 and a 200 day moving average of $49.21.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.16%. Glacier Bancorp's dividend payout ratio is 79.04%.

Glacier Bancorp 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.