90,000 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Purchased by Natixis

Natixis acquired a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,000 shares of the bank’s stock, valued at approximately $4,520,000.

Several other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of Glacier Bancorp by 9.4% during the third quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after acquiring an additional 507 shares during the period. Barclays PLC increased its holdings in Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after purchasing an additional 98,158 shares during the period. Synovus Financial Corp raised its position in Glacier Bancorp by 79.2% during the 3rd quarter. Synovus Financial Corp now owns 32,484 shares of the bank’s stock valued at $1,485,000 after purchasing an additional 14,359 shares in 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 worth $153,000 after buying an additional 526 shares during the period. Finally, Park Avenue Securities LLC purchased a new position in shares of Glacier Bancorp during the fourth quarter valued at $273,000. Institutional investors own 80.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GBCI. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Raymond James reissued an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Piper Sandler cut their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $39.30 on Tuesday. Glacier Bancorp, Inc. has a 12-month low of $34.48 and a 12-month high of $60.67. The business’s fifty day simple moving average is $44.28 and its 200-day simple moving average is $49.27. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.46 billion, a PE ratio of 23.53 and a beta of 0.80.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 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.