Vanguard Group Inc. Acquires 22,269 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Vanguard Group Inc. lifted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,029,163 shares of the bank’s stock after buying an additional 22,269 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Glacier Bancorp worth $604,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of GBCI. Geode Capital Management LLC raised its holdings in Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after buying an additional 41,160 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Glacier Bancorp by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock valued at $59,988,000 after acquiring an additional 52,566 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Glacier Bancorp by 19.9% in the 4th quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock valued at $49,419,000 after acquiring an additional 163,061 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in Glacier Bancorp in the 4th quarter worth approximately $47,770,000. Finally, Port Capital LLC lifted its holdings in Glacier Bancorp by 0.3% in the 3rd quarter. Port Capital LLC now owns 659,913 shares of the bank’s stock worth $30,158,000 after purchasing an additional 1,850 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 1.0 %

GBCI stock opened at $44.24 on Tuesday. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $5.02 billion, a PE ratio of 26.49 and a beta of 0.77. The business’s 50-day simple moving average is $47.85 and its 200 day simple moving average is $49.94.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp’s payout ratio is presently 79.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Piper Sandler cut their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.