Russell Investments Group Ltd. Sells 190,391 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Russell Investments Group Ltd. decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 41.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 272,742 shares of the bank's stock after selling 190,391 shares during the period. Russell Investments Group Ltd. owned about 0.24% of Glacier Bancorp worth $13,697,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. lifted its position in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after buying an additional 362 shares during the period. VisionPoint Advisory Group LLC bought a new stake in Glacier Bancorp during the fourth quarter worth about $63,000. Smartleaf Asset Management LLC grew its holdings in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock worth $144,000 after purchasing an additional 431 shares during the period. GAMMA Investing LLC increased its stake in shares of Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock valued at $153,000 after purchasing an additional 526 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Glacier Bancorp by 19.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock valued at $177,000 after purchasing an additional 578 shares during the last quarter. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Performance

Shares of GBCI traded up $0.12 during trading hours on Wednesday, hitting $39.39. The stock had a trading volume of 59,092 shares, compared to its average volume of 619,748. The firm has a market capitalization of $4.47 billion, a PE ratio of 23.59 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The stock has a fifty day moving average price of $45.17 and a 200 day moving average price of $49.39.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.35%. Glacier Bancorp's dividend payout ratio is currently 79.04%.

Wall Street Analyst Weigh In

GBCI has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $51.50.

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.