Townsquare Capital LLC Has $57.37 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Townsquare Capital LLC decreased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,255,313 shares of the bank's stock after selling 10,528 shares during the period. Glacier Bancorp makes up 0.7% of Townsquare Capital LLC's portfolio, making the stock its 26th largest holding. Townsquare Capital LLC owned approximately 1.11% of Glacier Bancorp worth $57,368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. CANADA LIFE ASSURANCE Co boosted its stake in Glacier Bancorp by 21.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank's stock valued at $3,160,000 after buying an additional 13,655 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Glacier Bancorp by 5.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 81,150 shares of the bank's stock worth $3,269,000 after purchasing an additional 4,069 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Glacier Bancorp during the 1st quarter worth about $477,000. Cetera Advisors LLC lifted its holdings in Glacier Bancorp by 34.9% during the 1st quarter. Cetera Advisors LLC now owns 12,596 shares of the bank's stock valued at $507,000 after purchasing an additional 3,256 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in Glacier Bancorp by 34.6% in the first quarter. Westwood Holdings Group Inc. now owns 485,574 shares of the bank's stock valued at $19,559,000 after buying an additional 124,891 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Trading Up 0.7 %

Glacier Bancorp stock traded up $0.41 during trading hours on Wednesday, reaching $58.79. 88,496 shares of the company's stock traded hands, compared to its average volume of 644,527. Glacier Bancorp, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $60.67. The firm's 50 day moving average is $50.33 and its 200-day moving average is $43.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 36.35 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The firm had revenue of $324.28 million for the quarter, compared to analysts' expectations of $212.57 million. During the same period last year, the firm earned $0.47 earnings per share. On average, analysts predict that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.25%. Glacier Bancorp's dividend payout ratio is 81.48%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GBCI. Piper Sandler lifted their target price on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Truist Financial boosted their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Finally, Raymond James lifted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. One equities 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.20.

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.