Iron Gate Global Advisors LLC Raises Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Iron Gate Global Advisors LLC grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 10.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,230 shares of the bank’s stock after acquiring an additional 500 shares during the quarter. Iron Gate Global Advisors LLC’s holdings in Glacier Bancorp were worth $263,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. raised its stake in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Glacier Bancorp during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC lifted its holdings in shares of Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after acquiring an additional 431 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after acquiring an additional 526 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Glacier Bancorp by 19.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after acquiring an additional 578 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Raymond James restated an “outperform” rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Piper Sandler dropped their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Price Performance

GBCI opened at $39.31 on Wednesday. The business has a fifty day moving average of $45.17 and a 200 day moving average of $49.39. The stock has a market cap of $4.46 billion, a P/E ratio of 23.54 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp’s dividend 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.