28,676 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 28,676 shares of the bank’s stock, valued at approximately $1,185,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new position in shares of Glacier Bancorp in the fourth quarter worth about $28,000. Selway Asset Management bought a new stake in shares of Glacier Bancorp during the 3rd quarter valued at about $47,000. Allspring Global Investments Holdings LLC raised its stake in Glacier Bancorp by 14.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,257 shares of the bank’s stock worth $93,000 after acquiring an additional 413 shares during the period. First Citizens Bank & Trust Co. bought a new position in Glacier Bancorp in the fourth quarter worth about $213,000. Finally, AlphaMark Advisors LLC acquired a new position in Glacier Bancorp in the third quarter valued at approximately $229,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

GBCI has been the topic of several recent research reports. Stephens reissued an “equal weight” rating and issued a $44.00 price target on shares of Glacier Bancorp in a report on Friday. Truist Financial reduced their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a report on Monday. StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. DA Davidson decreased their target price on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday. Finally, Raymond James lifted their price target on Glacier Bancorp from $36.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, January 5th. 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 MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Glacier Bancorp Trading Up 2.1 %

Shares of NASDAQ:GBCI opened at $37.70 on Tuesday. Glacier Bancorp, Inc. has a twelve month low of $26.77 and a twelve month high of $44.06. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4.27 billion, a P/E ratio of 21.54 and a beta of 0.80. The company has a 50 day moving average of $37.80 and a 200-day moving average of $36.76.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Friday, April 19th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $196.47 million for the quarter, compared to analyst estimates of $202.66 million. Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 earnings per share. As a group, analysts anticipate that Glacier Bancorp, Inc. will post 1.82 earnings per share for the current fiscal year.

Glacier Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th were paid a $0.33 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.50%. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s payout ratio is currently 75.43%.

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.