Blue Trust Inc. Has $79,000 Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Blue Trust Inc. cut its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 88.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,737 shares of the bank's stock after selling 13,166 shares during the quarter. Blue Trust Inc.'s holdings in Glacier Bancorp were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GBCI. Creative Planning lifted its stake in Glacier Bancorp by 19.0% in the 3rd quarter. Creative Planning now owns 43,794 shares of the bank's stock valued at $2,001,000 after acquiring an additional 7,002 shares in the last quarter. GAMMA Investing LLC lifted its stake in Glacier Bancorp by 60.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank's stock valued at $115,000 after acquiring an additional 947 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Glacier Bancorp by 26.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 29,874 shares of the bank's stock valued at $1,365,000 after acquiring an additional 6,200 shares in the last quarter. Allied Investment Advisors LLC lifted its stake in Glacier Bancorp by 4.5% in the 3rd quarter. Allied Investment Advisors LLC now owns 14,831 shares of the bank's stock valued at $678,000 after acquiring an additional 643 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Glacier Bancorp by 19.9% in the 3rd quarter. SG Americas Securities LLC now owns 11,404 shares of the bank's stock valued at $521,000 after acquiring an additional 1,894 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on GBCI shares. Raymond James boosted their target price on Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Piper Sandler boosted their target price on Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Truist Financial boosted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Glacier Bancorp currently has a consensus rating of "Hold" and a consensus target price of $46.20.

Glacier Bancorp Stock Down 2.2 %

Shares of NASDAQ GBCI traded down $1.16 during trading hours on Thursday, hitting $52.16. The company had a trading volume of 663,343 shares, compared to its average volume of 644,503. The stock has a market capitalization of $5.91 billion, a P/E ratio of 32.90 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. Glacier Bancorp, Inc. has a 1-year low of $29.35 and a 1-year high of $53.93. The firm's 50 day moving average is $46.20 and its 200-day moving average is $41.45.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The company had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 EPS. On average, analysts expect that Glacier Bancorp, Inc. will post 1.63 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Tuesday, October 8th. Glacier Bancorp's dividend payout ratio is 81.48%.

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.