Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 30.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,857 shares of the bank's stock after purchasing an additional 15,054 shares during the quarter. Cerity Partners LLC owned 0.06% of Glacier Bancorp worth $2,918,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Glacier Bancorp by 20,598.6% in the second quarter. Blue Trust Inc. now owns 14,903 shares of the bank's stock valued at $600,000 after acquiring an additional 14,831 shares during the period. LMR Partners LLP bought a new stake in shares of Glacier Bancorp in the 3rd quarter worth approximately $543,000. &PARTNERS boosted its position in Glacier Bancorp by 134.1% during the 2nd quarter. &PARTNERS now owns 57,563 shares of the bank's stock valued at $2,148,000 after purchasing an additional 32,969 shares during the period. Natixis Advisors LLC grew its stake in Glacier Bancorp by 30.9% during the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank's stock worth $15,132,000 after buying an additional 78,107 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Glacier Bancorp by 2.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,414,154 shares of the bank's stock worth $52,776,000 after buying an additional 40,120 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

GBCI traded down $0.53 on Friday, reaching $57.89. The company had a trading volume of 248,807 shares, compared to its average volume of 630,224. The company has a market capitalization of $6.56 billion, a P/E ratio of 35.73 and a beta of 0.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average of $51.04 and a 200-day moving average of $44.39. Glacier Bancorp, Inc. has a one year low of $33.23 and a one year high of $60.67.

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

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Tuesday, December 10th. Glacier Bancorp's dividend payout ratio is presently 81.48%.

Wall Street Analyst Weigh In

GBCI has been the subject of several analyst reports. Raymond James boosted their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Piper Sandler boosted their target price on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Finally, Truist Financial raised their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of "Hold" and an average price target of $46.20.

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.