Glacier Bancorp, Inc. (NASDAQ:GBCI) is Heartland Advisors Inc.'s 4th Largest Position

Heartland Advisors Inc. reduced its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 565,756 shares of the bank's stock after selling 46,066 shares during the period. Glacier Bancorp comprises 1.5% of Heartland Advisors Inc.'s investment portfolio, making the stock its 4th biggest position. Heartland Advisors Inc. owned approximately 0.50% of Glacier Bancorp worth $28,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of GBCI. Pictet Asset Management Holding SA lifted its position in shares of Glacier Bancorp by 32.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,515 shares of the bank's stock valued at $980,000 after buying an additional 4,777 shares during the last quarter. Norges Bank bought a new position in Glacier Bancorp during the fourth quarter worth about $56,923,000. JPMorgan Chase & Co. increased its stake in shares of Glacier Bancorp by 76.0% in the fourth quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after purchasing an additional 242,414 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of Glacier Bancorp in the fourth quarter valued at approximately $339,000. Finally, Pier Capital LLC lifted its stake in shares of Glacier Bancorp by 3.1% during the 4th quarter. Pier Capital LLC now owns 167,992 shares of the bank's stock valued at $8,437,000 after buying an additional 5,120 shares in the last quarter. Institutional investors own 80.17% of the company's stock.

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Glacier Bancorp Price Performance

Shares of NASDAQ GBCI traded down $0.08 during midday trading on Tuesday, hitting $44.14. 125,308 shares of the company's stock were exchanged, compared to its average volume of 606,177. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The business's fifty day moving average price is $47.85 and its two-hundred day moving average price is $49.94. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 26.39 and a beta of 0.77. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be paid a $0.33 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 2.99%. Glacier Bancorp's dividend payout ratio is presently 79.04%.

Analysts Set New Price Targets

A number of research firms have recently commented on GBCI. 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 report on Monday, January 27th. Keefe, Bruyette & Woods upped their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Raymond James reaffirmed an "outperform" rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Glacier Bancorp currently has an average rating of "Hold" and an average price target of $51.50.

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.