Thrivent Financial for Lutherans Sells 524,467 Shares of Glacier Bancorp, Inc. $GBCI

Posted by Brenda Bartman on May 17th, 2026

Thrivent Financial for Lutherans lowered its holdings in Glacier Bancorp, Inc. (NYSE:GBCI – Free Report) by 37.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 893,654 shares of the company’s stock after selling 524,467 shares during the period. Thrivent Financial for Lutherans’ holdings in Glacier Bancorp were worth $39,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GBCI. Vanguard Group Inc. grew its position in Glacier Bancorp by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock valued at $588,471,000 after purchasing an additional 870,335 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Glacier Bancorp in the 2nd quarter valued at about $24,362,000. Bank of America Corp DE grew its position in shares of Glacier Bancorp by 113.0% in the 3rd quarter. Bank of America Corp DE now owns 872,117 shares of the company’s stock valued at $42,446,000 after acquiring an additional 462,711 shares during the period. Deprince Race & Zollo Inc. grew its position in shares of Glacier Bancorp by 30.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock valued at $73,229,000 after acquiring an additional 390,366 shares during the period. Finally, Freestone Grove Partners LP grew its position in shares of Glacier Bancorp by 24.8% in the 3rd quarter. Freestone Grove Partners LP now owns 1,385,589 shares of the company’s stock valued at $67,437,000 after acquiring an additional 275,209 shares during the period. Institutional investors own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GBCI shares. Stephens lifted their price objective on shares of Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Janney Montgomery Scott started coverage on shares of Glacier Bancorp in a research report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of Glacier Bancorp in a research report on Monday, January 26th. Finally, DA Davidson lifted their price objective on shares of Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, April 27th. 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. Based on data from MarketBeat, Glacier Bancorp has a consensus rating of “Hold” and an average price target of $55.17.

Read Our Latest Research Report on GBCI

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $45.49 on Friday. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 21.26 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. The company has a 50-day simple moving average of $46.36 and a 200 day simple moving average of $45.99. Glacier Bancorp, Inc. has a 52 week low of $39.90 and a 52 week high of $53.99.

Glacier Bancorp (NYSE:GBCI – Get Free Report) last announced its earnings results on Thursday, April 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $309.61 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period in the previous year, the firm posted $0.48 EPS. On average, sell-side analysts predict that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 annualized dividend and a dividend yield of 2.9%. Glacier Bancorp’s payout ratio is presently 61.68%.

Glacier Bancorp Profile

(Free Report)

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.