Corient Private Wealth LLC Decreases Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Corient Private Wealth LLC decreased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 49.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,729 shares of the bank’s stock after selling 8,564 shares during the period. Corient Private Wealth LLC’s holdings in Glacier Bancorp were worth $438,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Royce & Associates LP boosted its holdings in shares of Glacier Bancorp by 98.0% in the fourth quarter. Royce & Associates LP now owns 243,024 shares of the bank’s stock worth $12,205,000 after buying an additional 120,267 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Glacier Bancorp by 10.9% during the 4th quarter. Natixis Advisors LLC now owns 367,184 shares of the bank’s stock valued at $18,440,000 after acquiring an additional 36,063 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of Glacier Bancorp in the 4th quarter worth $47,770,000. Swiss National Bank raised its holdings in Glacier Bancorp by 0.7% in the 4th quarter. Swiss National Bank now owns 223,021 shares of the bank’s stock worth $11,200,000 after purchasing an additional 1,600 shares during the period. Finally, Avantax Advisory Services Inc. purchased a new position in Glacier Bancorp during the fourth quarter valued at $222,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Performance

NASDAQ GBCI opened at $43.81 on Friday. The business’s 50 day moving average price is $47.99 and its 200-day moving average price is $49.88. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The company has a market cap of $4.97 billion, a P/E ratio of 26.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp’s payout ratio is currently 79.04%.

Analysts Set New Price Targets

GBCI has been the topic of several recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Piper Sandler decreased their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.50.

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.