Mutual of America Capital Management LLC Sells 3,559 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Mutual of America Capital Management LLC decreased its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,493 shares of the bank’s stock after selling 3,559 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Glacier Bancorp worth $2,830,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tudor Investment Corp Et Al boosted its holdings in Glacier Bancorp by 536.2% in the third quarter. Tudor Investment Corp Et Al now owns 112,033 shares of the bank’s stock valued at $3,193,000 after acquiring an additional 94,422 shares during the last quarter. Aigen Investment Management LP bought a new position in Glacier Bancorp in the third quarter valued at about $956,000. Massachusetts Financial Services Co. MA boosted its holdings in Glacier Bancorp by 30.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,024,466 shares of the bank’s stock valued at $29,197,000 after acquiring an additional 239,168 shares during the last quarter. Kennedy Capital Management LLC bought a new position in Glacier Bancorp in the third quarter valued at about $2,992,000. Finally, Boston Partners boosted its holdings in Glacier Bancorp by 37.7% during the third quarter. Boston Partners now owns 172,119 shares of the bank’s stock worth $4,905,000 after buying an additional 47,142 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of GBCI opened at $35.10 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50 day simple moving average of $37.79 and a 200 day simple moving average of $36.53. Glacier Bancorp, Inc. has a 52-week low of $26.77 and a 52-week high of $44.06. The firm has a market capitalization of $3.98 billion, a PE ratio of 17.46 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.08. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The business had revenue of $197.32 million during the quarter, compared to analyst estimates of $198.32 million. During the same period in the previous year, the firm earned $0.72 EPS. Glacier Bancorp’s quarterly revenue was down 15.1% compared to the same quarter last year. Sell-side analysts predict that Glacier Bancorp, Inc. will post 1.82 EPS for the current fiscal year.

Glacier Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, April 9th were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, April 8th. This is a positive change from Glacier Bancorp’s previous quarterly dividend of $0.10. This represents a $1.32 annualized dividend and a dividend yield of 3.76%. Glacier Bancorp’s payout ratio is currently 65.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GBCI shares. Raymond James boosted their target price on Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Truist Financial decreased their target price on Glacier Bancorp from $45.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Finally, StockNews.com upgraded Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Glacier Bancorp has a consensus rating of “Hold” and a consensus target price of $37.80.

About Glacier Bancorp

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.