4,760 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Bought by Three Seasons Wealth LLC

Three Seasons Wealth LLC bought a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, HoldingsChannel.com reports. The firm bought 4,760 shares of the bank’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GBCI. Mather Group LLC. boosted its stake in shares of Glacier Bancorp by 97.6% in the 4th 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 bought a new position in Glacier Bancorp in the 4th quarter valued at approximately $63,000. Bridge Generations Wealth Management LLC acquired a new stake in Glacier Bancorp in the fourth quarter valued at approximately $70,000. Smartleaf Asset Management LLC grew its stake in shares of Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after buying an additional 431 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Glacier Bancorp during the fourth quarter worth $146,000. Institutional investors own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GBCI shares. Raymond James reissued an “outperform” rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Piper Sandler lowered their price objective on 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.00.

Glacier Bancorp Stock Down 4.2 %

Shares of NASDAQ:GBCI opened at $40.81 on Friday. The business has a fifty day simple moving average of $43.58 and a 200 day simple moving average of $49.11. Glacier Bancorp, Inc. has a 12-month low of $34.48 and a 12-month high of $60.67. The firm has a market cap of $4.63 billion, a P/E ratio of 24.44 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

Glacier Bancorp 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.