UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 331,792 shares of the bank's stock after selling 14,318 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of Glacier Bancorp worth $15,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GBCI. Pacer Advisors Inc. boosted its holdings in shares of Glacier Bancorp by 2.6% in the 2nd quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank's stock worth $632,000 after buying an additional 427 shares during the last quarter. Inspire Investing LLC raised its position in Glacier Bancorp by 6.7% in the second quarter. Inspire Investing LLC now owns 9,472 shares of the bank's stock worth $353,000 after acquiring an additional 593 shares during the period. Hsbc Holdings PLC grew its position in shares of Glacier Bancorp by 7.6% during the 2nd quarter. Hsbc Holdings PLC now owns 8,498 shares of the bank's stock valued at $317,000 after acquiring an additional 600 shares during the period. Allied Investment Advisors LLC increased its stake in shares of Glacier Bancorp by 4.5% during the 3rd quarter. Allied Investment Advisors LLC now owns 14,831 shares of the bank's stock worth $678,000 after purchasing an additional 643 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Glacier Bancorp in the 2nd quarter worth approximately $25,000. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Price Performance

Shares of GBCI traded up $0.58 during midday trading on Friday, hitting $57.14. 351,910 shares of the company traded hands, compared to its average volume of 534,424. The stock has a 50-day moving average of $52.25 and a 200-day moving average of $44.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $6.48 billion, a P/E ratio of 35.27 and a beta of 0.79. Glacier Bancorp, Inc. has a one year low of $34.35 and a one year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. The business had revenue of $324.28 million during the quarter, compared to analyst estimates 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 business earned $0.47 EPS. As a group, sell-side analysts predict that Glacier Bancorp, Inc. will post 1.7 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.31%. Glacier Bancorp's dividend payout ratio is 81.48%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday. Piper Sandler increased their price target on Glacier Bancorp from $42.00 to $45.00 and gave the stock 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 company a "hold" rating in a research note on Monday, October 28th. Finally, Raymond James increased their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Glacier Bancorp currently has an average rating of "Hold" and a consensus price target of $48.83.

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.