Glacier Bancorp, Inc. (NASDAQ:GBCI) is Silvercrest Asset Management Group LLC’s 8th Largest Position

Silvercrest Asset Management Group LLC cut its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,169,459 shares of the bank’s stock after selling 16,119 shares during the period. Glacier Bancorp accounts for approximately 1.1% of Silvercrest Asset Management Group LLC’s investment portfolio, making the stock its 8th biggest holding. Silvercrest Asset Management Group LLC’s holdings in Glacier Bancorp were worth $159,170,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its position in Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after purchasing an additional 98,158 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Glacier Bancorp in the fourth quarter valued at approximately $273,000. Argent Capital Management LLC boosted its stake in shares of Glacier Bancorp by 38.6% in the 4th quarter. Argent Capital Management LLC now owns 17,411 shares of the bank’s stock valued at $874,000 after buying an additional 4,853 shares during the period. SG Americas Securities LLC grew its position in shares of Glacier Bancorp by 39.2% in the 4th quarter. SG Americas Securities LLC now owns 15,873 shares of the bank’s stock valued at $797,000 after buying an additional 4,469 shares during the last quarter. Finally, B.O.S.S. Retirement Advisors LLC purchased a new position in Glacier Bancorp during the 4th quarter worth approximately $251,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock Performance

GBCI opened at $43.39 on Friday. The business has a 50 day moving average price of $42.07 and a two-hundred day moving average price of $48.57. 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 has a market capitalization of $4.93 billion, a price-to-earnings ratio of 25.98 and a beta of 0.79. Glacier Bancorp, Inc. has a 1-year low of $34.48 and a 1-year high of $60.67.

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

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.04%. Glacier Bancorp’s payout ratio is presently 70.97%.

Wall Street Analysts Forecast Growth

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

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.