Sei Investments Co. Lowers Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Sei Investments Co. decreased its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,428 shares of the bank’s stock after selling 86,501 shares during the quarter. Sei Investments Co. owned about 0.35% of Glacier Bancorp worth $20,210,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GBCI. Madison Investment Advisors LLC purchased a new position in Glacier Bancorp in the 4th quarter valued at $47,770,000. Raymond James Financial Inc. acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth $9,544,000. Fisher Asset Management LLC boosted its holdings in shares of Glacier Bancorp by 19.9% in the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock valued at $49,419,000 after acquiring an additional 163,061 shares in the last quarter. Pier Capital LLC acquired a new position in shares of Glacier Bancorp during the third quarter worth about $7,443,000. Finally, Royce & Associates LP raised its holdings in Glacier Bancorp by 98.0% during the fourth quarter. Royce & Associates LP now owns 243,024 shares of the bank’s stock worth $12,205,000 after purchasing an additional 120,267 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GBCI shares. Piper Sandler decreased their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Raymond James reaffirmed an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Down 0.9 %

Shares of NASDAQ GBCI opened at $44.85 on Friday. The firm’s 50-day moving average is $48.13 and its two-hundred day moving average is $49.82. The company has a market capitalization of $5.09 billion, a PE ratio of 26.86 and a beta of 0.77. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp’s payout ratio is currently 79.04%.

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.