Gamco Investors INC. ET AL Invests $452,000 in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Gamco Investors INC. ET AL bought a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,000 shares of the bank's stock, valued at approximately $452,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mather Group LLC. boosted its holdings in shares of 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 buying an additional 362 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC increased its stake in shares of Glacier Bancorp by 17.7% in 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 period. GAMMA Investing LLC lifted its position in shares of Glacier Bancorp by 20.9% during 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 during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Glacier Bancorp by 19.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock valued at $177,000 after purchasing an additional 578 shares during the period. Hedge funds and other institutional investors own 80.17% of the company's stock.

Glacier Bancorp Price Performance

NASDAQ GBCI traded down $1.68 on Friday, hitting $40.95. 410,316 shares of the company were exchanged, compared to its average volume of 612,655. Glacier Bancorp, Inc. has a 1-year low of $34.48 and a 1-year high of $60.67. The firm has a 50 day moving average of $43.77 and a two-hundred day moving average of $49.13. The company has a market cap of $4.65 billion, a P/E ratio of 24.49 and a beta of 0.80. 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 company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 79.04%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Raymond James reissued 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of "Hold" and an average price target of $56.00.

Glacier Bancorp Company 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.