Nomura Holdings Inc. Invests $754,000 in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Nomura Holdings Inc. bought a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,018 shares of the bank’s stock, valued at approximately $754,000.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. increased its position in shares of 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 period. VisionPoint Advisory Group LLC purchased a new position in shares of Glacier Bancorp during the fourth quarter worth approximately $63,000. Bridge Generations Wealth Management LLC purchased a new position in shares of Glacier Bancorp during the fourth quarter worth approximately $70,000. Smartleaf Asset Management LLC increased its position in shares of Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after acquiring an additional 431 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Glacier Bancorp during the fourth quarter worth approximately $146,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GBCI has been the topic of a number of research reports. Raymond James set a $45.00 target price on shares of Glacier Bancorp in a research report on Monday, April 28th. Piper Sandler cut their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and a consensus price target of $50.50.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $42.44 on Tuesday. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 25.41 and a beta of 0.79. The company’s 50 day moving average is $42.00 and its 200 day moving average is $48.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 52-week low of $34.48 and a 52-week 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 net margin of 14.99% and a return on equity of 5.98%. During the same period in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.11%. Glacier Bancorp’s dividend payout ratio (DPR) is 70.97%.

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.