Idaho Trust Co cut its holdings in shares of Glacier Bancorp, Inc. (NYSE:GBCI – Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,885 shares of the company’s stock after selling 18,277 shares during the quarter. Glacier Bancorp comprises 4.4% of Idaho Trust Co’s portfolio, making the stock its 3rd biggest holding. Idaho Trust Co owned 0.23% of Glacier Bancorp worth $13,427,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in GBCI. EverSource Wealth Advisors LLC grew its holdings in Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after buying an additional 490 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Glacier Bancorp in the 3rd quarter valued at $40,000. CIBC Private Wealth Group LLC grew its holdings in Glacier Bancorp by 1,176.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock valued at $62,000 after buying an additional 1,165 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Glacier Bancorp by 219.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock valued at $79,000 after buying an additional 1,111 shares in the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in Glacier Bancorp in the 4th quarter valued at $89,000. 80.17% of the stock is owned by institutional investors and hedge funds.
Glacier Bancorp Price Performance
Shares of GBCI stock opened at $46.14 on Thursday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. Glacier Bancorp, Inc. has a twelve month low of $39.90 and a twelve month high of $53.99. The company has a market cap of $6.00 billion, a P/E ratio of 21.56 and a beta of 0.76. The business has a fifty day simple moving average of $46.32 and a 200 day simple moving average of $45.98.
Glacier Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is currently 61.68%.
Wall Street Analyst Weigh In
A number of research analysts have commented on GBCI shares. Piper Sandler upped their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Janney Montgomery Scott started coverage on Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. DA Davidson upped their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 27th. Brean Capital lowered Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $55.17.
Read Our Latest Report on GBCI
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.
Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.
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