Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by State Street Corp

State Street Corp cut its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,204,032 shares of the bank's stock after selling 97,647 shares during the quarter. State Street Corp owned 4.59% of Glacier Bancorp worth $237,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of GBCI. Dimensional Fund Advisors LP raised its stake in shares of Glacier Bancorp by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,611,345 shares of the bank's stock valued at $97,450,000 after acquiring an additional 103,374 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Glacier Bancorp by 19.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock worth $77,435,000 after acquiring an additional 280,255 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Glacier Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank's stock valued at $74,402,000 after purchasing an additional 49,006 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Glacier Bancorp by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,534,667 shares of the bank's stock valued at $70,134,000 after buying an additional 6,394 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Glacier Bancorp by 9.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,125,955 shares of the bank's stock valued at $42,021,000 after acquiring an additional 99,811 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of GBCI traded down $0.80 during trading hours on Thursday, reaching $55.30. 488,922 shares of the company traded hands, compared to its average volume of 637,973. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The stock has a market capitalization of $6.27 billion, a PE ratio of 34.47 and a beta of 0.79. The stock has a fifty day simple moving average of $52.92 and a 200 day simple moving average of $45.37. 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 (NASDAQ:GBCI - Get Free Report) last released its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $324.28 million for the quarter, compared to analysts' expectations of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same period last year, the company earned $0.47 earnings per share. As a group, research analysts predict that Glacier Bancorp, Inc. will post 1.7 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.39%. Glacier Bancorp's dividend payout ratio is currently 81.48%.

Analyst Ratings Changes

GBCI has been the subject of several research reports. Piper Sandler upped their price target on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Raymond James increased their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Finally, Truist Financial boosted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.83.

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.