KBC Group NV Purchases 2,095 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

KBC Group NV increased its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 68.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,163 shares of the bank’s stock after buying an additional 2,095 shares during the quarter. KBC Group NV’s holdings in Glacier Bancorp were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cladis Investment Advisory LLC lifted its holdings in shares of Glacier Bancorp by 1.6% in the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after acquiring an additional 500 shares during the last quarter. HighTower Advisors LLC raised its position in Glacier Bancorp by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after purchasing an additional 507 shares during the period. GAMMA Investing LLC lifted its stake in Glacier Bancorp by 20.9% in the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after purchasing an additional 526 shares during the last quarter. Stifel Financial Corp boosted its position in Glacier Bancorp by 0.3% during the third quarter. Stifel Financial Corp now owns 203,566 shares of the bank’s stock valued at $9,303,000 after buying an additional 582 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Glacier Bancorp by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 13,216 shares of the bank’s stock valued at $603,000 after buying an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analyst Ratings Changes

GBCI has been the topic of several recent research reports. Raymond James restated an “outperform” rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lowered their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Truist Financial raised their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Stock Down 2.1 %

Shares of NASDAQ:GBCI opened at $48.61 on Tuesday. 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, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The firm has a market capitalization of $5.51 billion, a P/E ratio of 29.11 and a beta of 0.81. The stock has a 50 day moving average price of $52.39 and a 200-day moving average price of $48.97.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.72%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio is currently 79.04%.

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.