Financial Engines Advisors L.L.C. Buys Shares of 6,746 Glacier Bancorp, Inc. (NASDAQ:GBCI)

Financial Engines Advisors L.L.C. bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,746 shares of the bank's stock, valued at approximately $339,000.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. increased 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 purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Glacier Bancorp in the fourth quarter worth $63,000. Smartleaf Asset Management LLC raised its holdings 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 in the last quarter. GAMMA Investing LLC boosted its stake in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock valued at $153,000 after acquiring an additional 526 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 acquiring an additional 578 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Analyst Upgrades and Downgrades

GBCI has been the topic of a number of recent analyst reports. 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. Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods raised their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $51.50.

Glacier Bancorp Stock Performance

GBCI traded down $0.06 during trading on Tuesday, reaching $44.17. 457,392 shares of the company were exchanged, compared to its average volume of 608,091. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 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 firm has a 50 day moving average of $47.69 and a 200 day moving average of $49.94. The stock has a market cap of $5.01 billion, a P/E ratio of 26.45 and a beta of 0.77.

Glacier Bancorp Announces Dividend

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