Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,011,176 shares of the bank’s stock after selling 239,296 shares during the quarter. Fisher Asset Management LLC owned about 0.89% of Glacier Bancorp worth $41,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in GBCI. Deutsche Bank AG raised its position in shares of Glacier Bancorp by 16.0% during the 3rd quarter. Deutsche Bank AG now owns 54,909 shares of the bank’s stock worth $1,565,000 after purchasing an additional 7,584 shares during the period. Envestnet Asset Management Inc. grew its holdings in Glacier Bancorp by 361.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 902,610 shares of the bank’s stock worth $25,724,000 after buying an additional 706,833 shares in the last quarter. FMR LLC grew its holdings in Glacier Bancorp by 50.1% in the 3rd quarter. FMR LLC now owns 1,360,803 shares of the bank’s stock worth $38,783,000 after buying an additional 454,289 shares in the last quarter. Aigen Investment Management LP bought a new position in Glacier Bancorp in the 3rd quarter worth approximately $956,000. Finally, Mariner LLC grew its holdings in Glacier Bancorp by 4.0% in the 3rd quarter. Mariner LLC now owns 18,236 shares of the bank’s stock worth $520,000 after buying an additional 705 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on GBCI. DA Davidson decreased their price objective on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, April 22nd. StockNews.com raised Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. Stephens decreased their price target on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 23rd. Finally, Truist Financial decreased their price target on Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.40.

Glacier Bancorp Stock Performance

GBCI opened at $36.00 on Tuesday. The firm has a market cap of $4.08 billion, a PE ratio of 20.57 and a beta of 0.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $37.21 and a 200-day simple moving average of $38.43. Glacier Bancorp, Inc. has a fifty-two week low of $26.83 and a fifty-two week high of $44.06.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The company had revenue of $196.47 million for the quarter, compared to the consensus estimate of $202.66 million. Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. The business’s revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. As a group, equities analysts predict that Glacier Bancorp, Inc. will post 1.64 EPS for the current fiscal year.

Glacier Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.33 per share. The ex-dividend date was Monday, April 8th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.10. This represents a $1.32 annualized dividend and a dividend yield of 3.67%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 75.43%.

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.