Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Comerica Bank

Comerica Bank lowered its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 39,455 shares of the bank’s stock after selling 1,473 shares during the period. Comerica Bank’s holdings in Glacier Bancorp were worth $1,981,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GBCI. Capital International Investors grew its stake in shares of Glacier Bancorp by 5.8% in the fourth quarter. Capital International Investors now owns 2,092,571 shares of the bank’s stock valued at $105,089,000 after buying an additional 115,620 shares in the last quarter. Northern Trust Corp increased its stake in Glacier Bancorp by 7.7% during the fourth quarter. Northern Trust Corp now owns 1,763,983 shares of the bank’s stock worth $88,587,000 after purchasing an additional 126,316 shares during the period. Bank of New York Mellon Corp increased its stake in Glacier Bancorp by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock worth $59,988,000 after purchasing an additional 52,566 shares during the period. Norges Bank acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth about $56,923,000. Finally, Snyder Capital Management L P boosted its stake in shares of Glacier Bancorp by 3.4% in the fourth quarter. Snyder Capital Management L P now owns 1,123,980 shares of the bank’s stock valued at $56,446,000 after purchasing an additional 37,472 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. Raymond James set a $45.00 target price on Glacier Bancorp in a report on Monday, April 28th. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.50.

Glacier Bancorp Trading Down 0.4 %

NASDAQ:GBCI opened at $42.16 on Friday. Glacier Bancorp, Inc. has a 1 year low of $34.48 and a 1 year high of $60.67. The stock has a market cap of $4.79 billion, a P/E ratio of 25.25 and a beta of 0.79. 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 stock has a 50-day simple moving average of $42.23 and a 200-day simple moving average of $48.72.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same period last year, the company earned $0.29 EPS. As a group, analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a yield of 3.13%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 70.97%.

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.