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

Fisher Asset Management LLC lowered its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 820,995 shares of the bank's stock after selling 17,314 shares during the quarter. Fisher Asset Management LLC owned about 0.72% of Glacier Bancorp worth $37,519,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GBCI. Thrivent Financial for Lutherans grew its stake in shares of Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock valued at $77,435,000 after purchasing an additional 280,255 shares during the last quarter. Millennium Management LLC grew its position in Glacier Bancorp by 131.9% in the 2nd quarter. Millennium Management LLC now owns 477,154 shares of the bank's stock valued at $17,807,000 after buying an additional 271,398 shares during the last quarter. Sei Investments Co. increased its stake in Glacier Bancorp by 123.9% in the 2nd quarter. Sei Investments Co. now owns 332,062 shares of the bank's stock valued at $12,393,000 after buying an additional 183,757 shares during the period. Ceredex Value Advisors LLC raised its position in Glacier Bancorp by 145.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 308,500 shares of the bank's stock worth $11,513,000 after buying an additional 182,600 shares during the last quarter. Finally, Natixis Advisors LLC raised its position in Glacier Bancorp by 187.1% during the 2nd quarter. Natixis Advisors LLC now owns 253,014 shares of the bank's stock worth $9,442,000 after buying an additional 164,897 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Price Performance

Glacier Bancorp stock traded up $0.28 during mid-day trading on Wednesday, reaching $58.66. The company had a trading volume of 107,807 shares, compared to its average volume of 644,610. The stock's 50-day simple moving average is $50.33 and its 200-day simple moving average is $43.98. The company has a market capitalization of $6.65 billion, a P/E ratio of 36.35 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. Glacier Bancorp, Inc. has a 1 year low of $32.00 and a 1 year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same period last year, the business posted $0.47 EPS. On average, equities analysts predict that Glacier Bancorp, Inc. will post 1.7 EPS for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be given a $0.33 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.25%. Glacier Bancorp's dividend payout ratio is presently 81.48%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GBCI. 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 note on Wednesday, October 2nd. Truist Financial boosted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.20.

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.