Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,457 shares of the bank's stock after selling 8,995 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.16% of Glacier Bancorp worth $9,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. increased its stake in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after acquiring an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC lifted its stake in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock worth $144,000 after acquiring an additional 431 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Glacier Bancorp by 20.9% in 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 period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Glacier Bancorp by 19.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock valued at $177,000 after buying an additional 578 shares during the period. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Down 0.8 %

NASDAQ:GBCI traded down $0.35 on Thursday, hitting $41.47. 83,542 shares of the stock were exchanged, compared to its average volume of 610,714. The stock has a market cap of $4.71 billion, a PE ratio of 24.79 and a beta of 0.80. Glacier Bancorp, Inc. has a fifty-two week low of $34.48 and a fifty-two week high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $43.92 and a 200-day moving average of $49.16.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors 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 annualized dividend and a yield of 3.18%. Glacier Bancorp's dividend payout ratio is currently 79.04%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GBCI. Piper Sandler cut their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Raymond James restated an "outperform" rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $56.00.

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.