State of Alaska Department of Revenue Reduces Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

State of Alaska Department of Revenue cut its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,926 shares of the bank’s stock after selling 290 shares during the period. State of Alaska Department of Revenue’s holdings in Glacier Bancorp were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after buying an additional 362 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Glacier Bancorp by 1.6% in the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock valued at $1,121,000 after buying an additional 350 shares during the last quarter. KBC Group NV grew its position in shares of Glacier Bancorp by 68.3% in the 4th quarter. KBC Group NV now owns 5,163 shares of the bank’s stock valued at $259,000 after buying an additional 2,095 shares during the last quarter. Blue Trust Inc. grew its position in shares of Glacier Bancorp by 192.9% in the 4th quarter. Blue Trust Inc. now owns 5,087 shares of the bank’s stock valued at $232,000 after buying an additional 3,350 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in shares of Glacier Bancorp in the 4th quarter valued at $251,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Down 1.3 %

GBCI stock opened at $49.82 on Friday. Glacier Bancorp, Inc. has a one year low of $34.35 and a one year high of $60.67. The stock has a market capitalization of $5.65 billion, a PE ratio of 29.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $51.02 and a 200-day moving average of $49.27.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

Analyst Ratings Changes

GBCI has been the topic of a number of recent analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler lowered their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Truist Financial raised their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.50.

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.