Natixis Advisors LLC Boosts Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Natixis Advisors LLC raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 30.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,121 shares of the bank's stock after buying an additional 78,107 shares during the period. Natixis Advisors LLC owned about 0.29% of Glacier Bancorp worth $15,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Glacier Bancorp in the first quarter worth approximately $25,000. International Assets Investment Management LLC bought a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in Glacier Bancorp by 96.9% in the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank's stock worth $59,000 after purchasing an additional 772 shares during the period. Venturi Wealth Management LLC lifted its position in 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 purchasing an additional 927 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Glacier Bancorp during the second quarter valued at $207,000. 80.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial lifted their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. 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, October 28th. Finally, Raymond James boosted their target price on Glacier Bancorp from $45.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $46.20.

Glacier Bancorp Stock Down 0.4 %

Shares of NASDAQ:GBCI traded down $0.20 during trading on Wednesday, hitting $55.64. The stock had a trading volume of 141,891 shares, compared to its average volume of 646,184. Glacier Bancorp, Inc. has a 12 month low of $32.00 and a 12 month high of $59.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $6.31 billion, a PE ratio of 34.48 and a beta of 0.77. The firm's fifty day moving average is $48.94 and its 200 day moving average is $43.31.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.03. The firm had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same period last year, the business posted $0.47 EPS. Analysts anticipate that Glacier Bancorp, Inc. will post 1.67 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.37%. Glacier Bancorp's dividend payout ratio (DPR) is presently 81.48%.

About Glacier Bancorp

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.