Corebridge Financial Inc. Has $9.25 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Corebridge Financial Inc. trimmed its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,169 shares of the bank's stock after selling 10,001 shares during the quarter. Corebridge Financial Inc. owned 0.16% of Glacier Bancorp worth $9,249,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. increased its stake in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp in the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC grew its position in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock valued at $144,000 after acquiring an additional 431 shares during the last quarter. GAMMA Investing LLC raised 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 worth $153,000 after acquiring an additional 526 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in Glacier Bancorp by 19.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock worth $177,000 after purchasing an additional 578 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Trading Down 0.1 %

Shares of GBCI stock traded down $0.06 on Tuesday, hitting $44.17. The company had a trading volume of 457,392 shares, compared to its average volume of 608,091. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $5.01 billion, a P/E ratio of 26.45 and a beta of 0.77. The stock's 50-day moving average is $47.69 and its two-hundred day moving average is $49.94.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 2.99%. Glacier Bancorp's payout ratio is 79.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GBCI shares. Raymond James reiterated an "outperform" rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods lifted their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Piper Sandler lowered their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $51.50.

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.