Segall Bryant & Hamill LLC Raises Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Segall Bryant & Hamill LLC grew its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,062,294 shares of the bank's stock after purchasing an additional 12,035 shares during the period. Glacier Bancorp makes up 0.7% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 17th largest position. Segall Bryant & Hamill LLC owned 0.94% of Glacier Bancorp worth $53,348,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of GBCI. Barclays PLC grew its stake in shares of Glacier Bancorp by 65.6% in the third quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after buying an additional 98,158 shares in the last quarter. Geode Capital Management LLC grew its position in Glacier Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock valued at $132,662,000 after acquiring an additional 41,160 shares in the last quarter. BNP Paribas Financial Markets grew its position in Glacier Bancorp by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank's stock valued at $2,111,000 after acquiring an additional 19,814 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Glacier Bancorp during the fourth quarter worth about $716,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth about $281,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Analyst Ratings Changes

GBCI has been the subject of a number of research reports. Raymond James restated an "outperform" rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Piper Sandler cut 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. Finally, Keefe, Bruyette & Woods lifted their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $51.50.

Glacier Bancorp Stock Down 2.2 %

Shares of NASDAQ:GBCI traded down $0.97 during trading hours on Friday, reaching $43.81. The stock had a trading volume of 343,091 shares, compared to its average volume of 608,166. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 26.23 and a beta of 0.77. The firm's 50 day moving average is $47.99 and its 200-day moving average is $49.88. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp's dividend payout ratio (DPR) is presently 79.04%.

Glacier Bancorp Company 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.