ExodusPoint Capital Management LP Takes $2.07 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

ExodusPoint Capital Management LP acquired a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 41,207 shares of the bank's stock, valued at approximately $2,069,000.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. boosted its holdings in Glacier Bancorp by 97.6% during the 4th 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 bought a new position in shares of Glacier Bancorp during the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC boosted its holdings in Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock worth $144,000 after purchasing an additional 431 shares during the last quarter. GAMMA Investing LLC grew its position in Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock worth $153,000 after purchasing an additional 526 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in 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 last quarter. Hedge funds and other institutional investors own 80.17% of the company's stock.

Analyst Ratings Changes

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

Glacier Bancorp Stock Up 0.7 %

NASDAQ:GBCI traded up $0.28 during trading hours on Monday, reaching $38.45. 39,720 shares of the company traded hands, compared to its average volume of 620,310. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The stock has a market capitalization of $4.36 billion, a P/E ratio of 23.02 and a beta of 0.80. The business's 50-day moving average price is $45.64 and its two-hundred day moving average price is $49.50. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be given a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.43%. Glacier Bancorp's dividend payout ratio (DPR) is presently 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.