Massachusetts Financial Services Co. MA lowered its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 964,707 shares of the bank's stock after selling 130,422 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.85% of Glacier Bancorp worth $48,448,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of GBCI. Signaturefd LLC raised its stake in Glacier Bancorp by 5.3% in the 4th quarter. Signaturefd LLC now owns 3,978 shares of the bank's stock worth $200,000 after purchasing an additional 201 shares in the last quarter. Arizona State Retirement System raised its position in shares of Glacier Bancorp by 0.8% in the fourth quarter. Arizona State Retirement System now owns 32,909 shares of the bank's stock valued at $1,653,000 after buying an additional 259 shares in the last quarter. Financial Advocates Investment Management boosted its stake in shares of Glacier Bancorp by 1.9% in the fourth quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank's stock valued at $817,000 after buying an additional 311 shares during the period. Pacer Advisors Inc. grew its position in Glacier Bancorp by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank's stock worth $1,121,000 after buying an additional 350 shares in the last quarter. Finally, Mather Group LLC. increased its stake 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 acquiring an additional 362 shares during the period. Institutional investors own 80.17% of the company's stock.
Glacier Bancorp Trading Down 7.8 %
GBCI traded down $3.26 during trading on Thursday, hitting $38.30. The company's stock had a trading volume of 129,829 shares, compared to its average volume of 620,860. The firm has a market capitalization of $4.35 billion, a P/E ratio of 23.02 and a beta of 0.80. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock's fifty day moving average price is $46.07 and its 200-day moving average price is $49.56.
Glacier Bancorp Announces Dividend
The business 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.45%. The ex-dividend date is Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is presently 79.04%.
Analysts Set New Price Targets
Several research firms recently weighed in on GBCI. Piper Sandler cut 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 report on Monday, January 27th. 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. 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 issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.50.
Check Out Our Latest Stock Report on Glacier Bancorp
Glacier Bancorp Profile
(
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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