Stockman Wealth Management Inc. Sells 715 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Stockman Wealth Management Inc. decreased its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,027 shares of the bank’s stock after selling 715 shares during the period. Stockman Wealth Management Inc.’s holdings in Glacier Bancorp were worth $453,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GBCI. Mather Group LLC. increased 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 buying an additional 362 shares during the period. GAMMA Investing LLC lifted its position in Glacier Bancorp by 60.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after purchasing an additional 947 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after purchasing an additional 927 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of Glacier Bancorp during the third quarter worth approximately $205,000. Finally, Blue Trust Inc. lifted its holdings in Glacier Bancorp by 192.9% in the fourth quarter. Blue Trust Inc. now owns 5,087 shares of the bank’s stock valued at $232,000 after buying an additional 3,350 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GBCI. Keefe, Bruyette & Woods increased their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial increased their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Piper Sandler decreased their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Raymond James reiterated 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, Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Glacier Bancorp has an average rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Stock Up 0.1 %

GBCI stock opened at $50.79 on Friday. The business’s fifty day moving average price is $51.56 and its two-hundred day moving average price is $49.12. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 30.37 and a beta of 0.80. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week 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 declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, December 10th. 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.