Vanguard Group Inc. Buys 22,269 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Vanguard Group Inc. raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,029,163 shares of the bank's stock after buying an additional 22,269 shares during the period. Vanguard Group Inc. owned about 10.61% of Glacier Bancorp worth $604,105,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Glacier Bancorp by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank's stock worth $2,111,000 after buying an additional 19,814 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Glacier Bancorp by 4.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,056 shares of the bank's stock worth $1,191,000 after acquiring an additional 1,112 shares during the period. Verition Fund Management LLC purchased a new position in Glacier Bancorp during the third quarter valued at approximately $457,000. Paloma Partners Management Co bought a new position in shares of Glacier Bancorp in the third quarter worth approximately $250,000. Finally, Cladis Investment Advisory LLC increased its stake in shares of Glacier Bancorp by 1.6% in the third quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank's stock worth $1,494,000 after purchasing an additional 500 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

NASDAQ GBCI traded down $1.70 during trading on Friday, hitting $38.94. 716,865 shares of the stock traded hands, compared to its average volume of 610,237. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The firm has a 50-day simple moving average of $47.33 and a 200-day simple moving average of $49.84. The company has a market capitalization of $4.42 billion, a P/E ratio of 23.32 and a beta of 0.80.

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Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is presently 79.04%.

Wall Street Analyst Weigh In

GBCI has been the subject of several recent analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler dropped their price objective 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 research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Glacier Bancorp presently has an average rating of "Hold" and a consensus target price of $51.50.

About Glacier Bancorp

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.