Thrivent Financial for Lutherans Sells 524,467 Shares of Glacier Bancorp, Inc. $GBCI

Thrivent Financial for Lutherans cut its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 37.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 893,654 shares of the company’s stock after selling 524,467 shares during the quarter. Thrivent Financial for Lutherans owned about 0.69% of Glacier Bancorp worth $39,365,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GBCI. AQR Capital Management LLC raised its holdings in Glacier Bancorp by 30.9% in the first quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock worth $1,358,000 after purchasing an additional 7,359 shares during the period. Goldman Sachs Group Inc. raised its holdings in Glacier Bancorp by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock worth $59,799,000 after purchasing an additional 73,756 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Glacier Bancorp by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock worth $15,587,000 after purchasing an additional 26,157 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Glacier Bancorp in the second quarter worth $2,011,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

GBCI has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Glacier Bancorp in a report on Monday, January 26th. Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Janney Montgomery Scott initiated coverage on shares of Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Stephens increased their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.17.

Glacier Bancorp Trading Down 2.1%

Shares of NYSE:GBCI opened at $45.49 on Friday. Glacier Bancorp, Inc. has a 12 month low of $39.90 and a 12 month high of $53.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $46.36 and its 200 day simple moving average is $45.99. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 21.26 and a beta of 0.76.

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

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were given a $0.33 dividend. 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 2.9%. Glacier Bancorp’s dividend payout ratio (DPR) is 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.