Clifford Capital Partners LLC Sells 82,497 Shares of Glacier Bancorp, Inc. $GBCI

Clifford Capital Partners LLC decreased its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 18.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 372,472 shares of the company’s stock after selling 82,497 shares during the quarter. Glacier Bancorp accounts for about 2.8% of Clifford Capital Partners LLC’s holdings, making the stock its 21st biggest position. Clifford Capital Partners LLC’s holdings in Glacier Bancorp were worth $16,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GBCI. EverSource Wealth Advisors LLC raised its stake in Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after buying an additional 490 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in Glacier Bancorp in the fourth quarter valued at approximately $31,000. Global Retirement Partners LLC raised its stake in Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after buying an additional 223 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Glacier Bancorp in the third quarter valued at approximately $40,000. Finally, Atlas Capital Advisors Inc. bought a new stake in Glacier Bancorp in the fourth quarter valued at approximately $46,000. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GBCI. Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Piper Sandler upped their target price on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Stephens upped their target price on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, DA Davidson upped their target price on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $55.17.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $48.11 on Thursday. Glacier Bancorp, Inc. has a 12 month low of $39.90 and a 12 month high of $53.99. The stock’s 50 day moving average is $47.96 and its 200-day moving average is $46.99. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 22.48 and a beta of 0.74.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. The firm had revenue of $309.61 million during the quarter. During the same period in the prior year, the firm earned $0.48 EPS. Equities research analysts expect that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. Glacier Bancorp’s dividend payout ratio is currently 61.68%.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.