Principal Financial Group Inc. Has $12.03 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Principal Financial Group Inc. trimmed its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 30.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 263,199 shares of the bank's stock after selling 117,123 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Glacier Bancorp worth $12,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Barclays PLC increased its position in shares of Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock worth $11,321,000 after purchasing an additional 98,158 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock worth $132,662,000 after buying an additional 41,160 shares in the last quarter. LMR Partners LLP bought a new position in shares of Glacier Bancorp in the third quarter valued at approximately $543,000. BNP Paribas Financial Markets boosted its holdings in shares of Glacier Bancorp by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank's stock worth $2,111,000 after acquiring an additional 19,814 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Glacier Bancorp by 30.9% during the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank's stock worth $15,132,000 after acquiring an additional 78,107 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Trading Down 0.3 %

GBCI stock traded down $0.17 during midday trading on Monday, reaching $50.12. The stock had a trading volume of 302,573 shares, compared to its average volume of 640,275. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 30.94 and a beta of 0.79. The business has a fifty day simple moving average of $54.24 and a two-hundred day simple moving average of $46.83.

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

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp's payout ratio is 81.48%.

Analyst Ratings Changes

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

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.