Fmr LLC Has $34.51 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Fmr LLC reduced its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 52.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 755,049 shares of the bank’s stock after selling 816,793 shares during the period. Fmr LLC owned 0.67% of Glacier Bancorp worth $34,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its stake in shares of Glacier Bancorp by 19.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock worth $77,435,000 after buying an additional 280,255 shares during the last quarter. Millennium Management LLC lifted its position in Glacier Bancorp by 131.9% during the 2nd quarter. Millennium Management LLC now owns 477,154 shares of the bank’s stock worth $17,807,000 after acquiring an additional 271,398 shares during the last quarter. Sei Investments Co. boosted its holdings in Glacier Bancorp by 123.9% during the second quarter. Sei Investments Co. now owns 332,062 shares of the bank’s stock valued at $12,393,000 after acquiring an additional 183,757 shares during the period. Ceredex Value Advisors LLC grew its position in shares of Glacier Bancorp by 145.0% in the second quarter. Ceredex Value Advisors LLC now owns 308,500 shares of the bank’s stock valued at $11,513,000 after purchasing an additional 182,600 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Glacier Bancorp by 187.1% in the second quarter. Natixis Advisors LLC now owns 253,014 shares of the bank’s stock worth $9,442,000 after purchasing an additional 164,897 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler upped their price target on Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods raised their target price on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James boosted 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 increased their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.83.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $57.14 on Monday. The business has a 50-day simple moving average of $52.25 and a 200 day simple moving average of $45.04. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 35.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. Glacier Bancorp, Inc. has a one year low of $34.35 and a one year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The business had revenue of $324.28 million for the quarter, compared to analyst estimates of $212.57 million. During the same period last year, the company posted $0.47 earnings per share. On average, research analysts anticipate that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be issued 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 2.31%. Glacier Bancorp’s dividend payout ratio is 81.48%.

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.