Cwm LLC Purchases 1,214 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Cwm LLC grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,533 shares of the bank’s stock after purchasing an additional 1,214 shares during the period. Cwm LLC’s holdings in Glacier Bancorp were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in Glacier Bancorp by 3.2% during the fourth quarter. Federated Hermes Inc. now owns 9,580 shares of the bank’s stock worth $396,000 after purchasing an additional 300 shares during the last quarter. Xponance Inc. lifted its stake in Glacier Bancorp by 2.0% during the fourth quarter. Xponance Inc. now owns 16,355 shares of the bank’s stock worth $676,000 after purchasing an additional 326 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Glacier Bancorp by 14.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,257 shares of the bank’s stock worth $93,000 after purchasing an additional 413 shares during the last quarter. Arizona State Retirement System lifted its stake in Glacier Bancorp by 1.4% during the third quarter. Arizona State Retirement System now owns 31,568 shares of the bank’s stock worth $900,000 after purchasing an additional 427 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in Glacier Bancorp by 1.5% during the third quarter. Coldstream Capital Management Inc. now owns 31,030 shares of the bank’s stock worth $884,000 after purchasing an additional 444 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Stephens dropped their price target on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday. Truist Financial decreased their price objective on Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Monday, April 22nd. Raymond James lifted their price objective on Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. StockNews.com upgraded Glacier Bancorp to a “sell” rating in a report on Tuesday, March 19th. Finally, DA Davidson decreased their price objective on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.40.

Glacier Bancorp Stock Down 0.7 %

Shares of NASDAQ:GBCI opened at $37.14 on Friday. Glacier Bancorp, Inc. has a 1 year low of $26.77 and a 1 year high of $44.06. The company has a market cap of $4.21 billion, a PE ratio of 21.22 and a beta of 0.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50-day moving average is $37.88 and its 200 day moving average is $36.88.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Wednesday, April 24th. The bank reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Glacier Bancorp had a net margin of 16.40% and a return on equity of 6.51%. The business had revenue of $196.47 million for the quarter, compared to analysts’ expectations of $202.66 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 1.68 EPS for the current year.

Glacier Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, April 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Monday, April 8th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s payout ratio is currently 75.43%.

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.