Charles Schwab Investment Management Inc. Increases Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Charles Schwab Investment Management Inc. grew its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,628,055 shares of the bank's stock after acquiring an additional 49,006 shares during the period. Charles Schwab Investment Management Inc. owned about 1.44% of Glacier Bancorp worth $74,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of GBCI. Price T Rowe Associates Inc. MD raised its position in shares of Glacier Bancorp by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 81,150 shares of the bank's stock valued at $3,269,000 after buying an additional 4,069 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Glacier Bancorp by 34.9% during the 1st quarter. Cetera Advisors LLC now owns 12,596 shares of the bank's stock valued at $507,000 after purchasing an additional 3,256 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Glacier Bancorp by 34.6% during the first quarter. Westwood Holdings Group Inc. now owns 485,574 shares of the bank's stock valued at $19,559,000 after purchasing an additional 124,891 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Glacier Bancorp by 96.9% in the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank's stock worth $59,000 after purchasing an additional 772 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Glacier Bancorp by 77.6% in the second quarter. SG Americas Securities LLC now owns 9,510 shares of the bank's stock worth $355,000 after purchasing an additional 4,156 shares during the last quarter. 80.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Glacier Bancorp Trading Down 0.6 %

Glacier Bancorp stock traded down $0.35 during midday trading on Friday, reaching $58.07. The stock had a trading volume of 248,807 shares, compared to its average volume of 644,338. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 35.73 and a beta of 0.77. Glacier Bancorp, Inc. has a 52-week low of $33.23 and a 52-week high of $60.67. The company has a fifty day moving average of $50.80 and a 200 day moving average of $44.18.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same period last year, the company earned $0.47 EPS. On average, analysts anticipate that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, December 10th. Glacier Bancorp's payout ratio is 81.48%.

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.