Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,849,211 shares of the bank's stock after selling 53,162 shares during the period. Geode Capital Management LLC owned approximately 2.51% of Glacier Bancorp worth $143,118,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Raymond James restated an "outperform" rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Piper Sandler decreased their price objective on shares of 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 shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.50.

Glacier Bancorp Stock Performance

Glacier Bancorp stock traded down $0.42 during mid-day trading on Friday, hitting $38.13. The company had a trading volume of 570,357 shares, compared to its average volume of 621,867. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 22.83 and a beta of 0.80. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The company's fifty day moving average is $45.64 and its 200-day moving average is $49.47. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, April 8th. Glacier Bancorp's payout ratio is 79.04%.

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.