Mutual of America Capital Management LLC Has $2.83 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Mutual of America Capital Management LLC cut its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,493 shares of the bank’s stock after selling 3,559 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Glacier Bancorp were worth $2,830,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allworth Financial LP boosted its stake in Glacier Bancorp by 409.4% in the fourth quarter. Allworth Financial LP now owns 596 shares of the bank’s stock valued at $25,000 after buying an additional 479 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Glacier Bancorp in the fourth quarter valued at about $28,000. Barclays PLC boosted its stake in Glacier Bancorp by 1,498.3% in the third quarter. Barclays PLC now owns 943 shares of the bank’s stock valued at $27,000 after buying an additional 884 shares in the last quarter. Covestor Ltd boosted its stake in Glacier Bancorp by 115.0% in the first quarter. Covestor Ltd now owns 1,045 shares of the bank’s stock valued at $53,000 after buying an additional 559 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Glacier Bancorp in the second quarter valued at about $37,000. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $35.10 on Friday. Glacier Bancorp, Inc. has a 12 month low of $26.77 and a 12 month high of $44.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $3.98 billion, a PE ratio of 17.46 and a beta of 0.80. The stock has a 50-day moving average price of $37.79 and a two-hundred day moving average price of $36.53.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The company had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.32 million. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was down 15.1% compared to the same quarter last year. Analysts expect that Glacier Bancorp, Inc. will post 1.82 EPS for the current year.

Glacier Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Tuesday, April 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, April 8th. Glacier Bancorp’s dividend payout ratio (DPR) is 65.67%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Raymond James increased their target price on Glacier Bancorp from $36.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Truist Financial dropped their target price on Glacier Bancorp from $45.00 to $42.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Finally, StockNews.com upgraded Glacier Bancorp to a “sell” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $37.80.

About Glacier Bancorp

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.