MetLife Investment Management LLC Acquires 9,841 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

MetLife Investment Management LLC grew its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,698 shares of the bank's stock after acquiring an additional 9,841 shares during the period. MetLife Investment Management LLC owned about 0.12% of Glacier Bancorp worth $6,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC grew its holdings in Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after purchasing an additional 98,158 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Glacier Bancorp during the 4th quarter valued at about $716,000. Raymond James Financial Inc. bought a new position in shares of Glacier Bancorp during the 4th quarter valued at approximately $9,544,000. JPMorgan Chase & Co. increased its holdings in Glacier Bancorp by 76.0% in the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after acquiring an additional 242,414 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Glacier Bancorp during the 4th quarter worth approximately $281,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Up 3.4 %

Shares of Glacier Bancorp stock opened at $40.61 on Wednesday. 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 firm has a market cap of $4.61 billion, a price-to-earnings ratio of 24.32 and a beta of 0.80. Glacier Bancorp, Inc. has a twelve month low of $34.48 and a twelve month high of $60.67. The business has a 50-day moving average price of $44.08 and a 200-day moving average price of $49.21.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp's payout ratio is 79.04%.

Analysts Set New Price Targets

GBCI has been the subject of a number of analyst reports. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Raymond James reiterated an "outperform" rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Piper Sandler lowered their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of "Hold" and a consensus target price of $52.80.

Glacier Bancorp 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.

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