Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 32.4% during the 4th quarter, HoldingsChannel reports. The fund owned 19,515 shares of the bank’s stock after acquiring an additional 4,777 shares during the period. Pictet Asset Management Holding SA’s holdings in Glacier Bancorp were worth $980,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. increased its stake in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after acquiring an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp during the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC raised its holdings in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after buying an additional 431 shares during the period. GAMMA Investing LLC lifted its position in Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after buying an additional 526 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Glacier Bancorp by 19.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after buying an additional 578 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $38.47 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $47.09 and its two-hundred day moving average price is $49.85. The firm has a market capitalization of $4.37 billion, a P/E ratio of 23.04 and a beta of 0.80. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67.

Glacier Bancorp Announces Dividend

The firm 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 dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.43%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

Analyst Ratings Changes

GBCI has been the topic of a number of research reports. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Raymond James reissued an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Piper Sandler decreased their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $51.50.

Glacier Bancorp 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.