Jane Street Group LLC Sells 50,214 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Jane Street Group LLC lowered its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 31.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,764 shares of the bank's stock after selling 50,214 shares during the period. Jane Street Group LLC owned about 0.10% of Glacier Bancorp worth $5,108,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Glacier Bancorp in the second quarter worth $25,000. GAMMA Investing LLC grew its holdings in shares of Glacier Bancorp by 60.4% in the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank's stock worth $115,000 after acquiring an additional 947 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank's stock worth $137,000 after acquiring an additional 927 shares during the period. Wolverine Trading LLC bought a new stake in shares of Glacier Bancorp in the third quarter worth $205,000. Finally, Intech Investment Management LLC bought a new stake in shares of Glacier Bancorp in the second quarter worth $207,000. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock traded down $1.39 during trading hours on Tuesday, hitting $53.01. The company's stock had a trading volume of 752,036 shares, compared to its average volume of 638,603. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $6.01 billion, a PE ratio of 32.72 and a beta of 0.79. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The business has a 50 day moving average price of $53.66 and a two-hundred day moving average price of $45.91.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The company had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. During the same period in the previous year, the business earned $0.47 earnings per share. Analysts expect that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.49%. Glacier Bancorp's dividend payout ratio (DPR) is presently 81.48%.

Analyst Ratings Changes

GBCI has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Truist Financial boosted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a report on Monday, October 28th. Piper Sandler boosted their price target on Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, Raymond James boosted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Glacier Bancorp presently has a consensus rating of "Hold" and an average target price of $48.83.

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.