Glacier Bancorp, Inc. $GBCI Shares Sold by Cwm LLC

Cwm LLC lessened its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,219 shares of the bank’s stock after selling 3,416 shares during the quarter. Cwm LLC’s holdings in Glacier Bancorp were worth $1,560,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Glacier Bancorp in the 2nd quarter worth approximately $26,000. eCIO Inc. acquired a new position in Glacier Bancorp in the 1st quarter worth approximately $33,000. JNBA Financial Advisors acquired a new position in Glacier Bancorp in the 1st quarter worth approximately $35,000. UMB Bank n.a. increased its holdings in Glacier Bancorp by 56.1% in the 2nd quarter. UMB Bank n.a. now owns 1,308 shares of the bank’s stock worth $56,000 after buying an additional 470 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Glacier Bancorp by 252.1% during the first quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank’s stock worth $62,000 after acquiring an additional 1,001 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Raymond James Financial set a $55.00 target price on Glacier Bancorp and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods raised their target price on Glacier Bancorp from $52.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Piper Sandler raised their target price on Glacier Bancorp from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Finally, DA Davidson reaffirmed a “buy” rating and set a $50.00 target price on shares of Glacier Bancorp in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.

Insider Transactions at Glacier Bancorp

In other Glacier Bancorp news, insider Lee Kenneth Groom sold 800 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $44.24, for a total transaction of $35,392.00. Following the transaction, the insider owned 11,918 shares in the company, valued at approximately $527,252.32. This represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $43.92 on Monday. The company has a market capitalization of $5.21 billion, a P/E ratio of 26.30 and a beta of 0.79. The business’s 50 day moving average is $47.94 and its two-hundred day moving average is $44.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 16th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%.During the same period in the previous year, the company posted $0.46 EPS. Analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th were given a dividend of $0.33 per share. The ex-dividend date was Tuesday, October 7th. This represents a $1.32 dividend on an annualized basis and a yield of 3.0%. Glacier Bancorp’s dividend payout ratio is currently 64.71%.

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.