Bridge City Capital LLC grew its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 161,370 shares of the bank's stock after purchasing an additional 12,039 shares during the quarter. Glacier Bancorp makes up about 2.2% of Bridge City Capital LLC's portfolio, making the stock its 6th largest position. Bridge City Capital LLC owned 0.14% of Glacier Bancorp worth $8,104,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Mather Group LLC. increased its holdings in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after purchasing an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of Glacier Bancorp during the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC increased its stake in shares of Glacier Bancorp by 17.7% in the 4th 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 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 valued at $153,000 after acquiring an additional 526 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 578 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Raymond James restated an "outperform" rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods boosted their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler cut their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Glacier Bancorp has an average rating of "Hold" and a consensus target price of $51.50.
Check Out Our Latest Stock Analysis on GBCI
Glacier Bancorp Stock Performance
Shares of Glacier Bancorp stock traded down $0.42 during mid-day trading on Thursday, hitting $44.85. 596,027 shares of the stock were exchanged, compared to its average volume of 583,270. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The company has a 50-day simple moving average of $48.13 and a 200 day simple moving average of $49.82. The company has a market capitalization of $5.09 billion, a P/E ratio of 26.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.
Glacier Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be given a $0.33 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 2.94%. Glacier Bancorp's dividend payout ratio is currently 79.04%.
About Glacier Bancorp
(
Free Report)
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.
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