TFO Wealth Partners LLC Has $164,000 Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

TFO Wealth Partners LLC boosted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report) by 66,100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,972 shares of the bank’s stock after acquiring an additional 3,966 shares during the period. TFO Wealth Partners LLC’s holdings in Glacier Bancorp were worth $164,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GBCI. Allworth Financial LP raised its position in shares of Glacier Bancorp by 409.4% during 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 during the last quarter. GAMMA Investing LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at about $25,000. FNY Investment Advisers LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at about $28,000. Signaturefd LLC raised its position in shares of Glacier Bancorp by 51.9% during the fourth quarter. Signaturefd LLC now owns 3,727 shares of the bank’s stock valued at $154,000 after buying an additional 1,274 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Glacier Bancorp by 52.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,473 shares of the bank’s stock valued at $185,000 after buying an additional 1,540 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of Glacier Bancorp stock opened at $36.69 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 21.36 and a beta of 0.80. Glacier Bancorp, Inc. has a 1-year low of $26.83 and a 1-year high of $44.06. The firm’s 50-day moving average price is $37.82 and its two-hundred day moving average price is $38.24.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The firm had revenue of $196.47 million for the quarter, compared to the consensus estimate of $202.66 million. Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. Glacier Bancorp’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. On average, equities analysts predict that Glacier Bancorp, Inc. will post 1.64 earnings per share for the current fiscal year.

Glacier Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.60%. This is a boost 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 is currently 75.43%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Stephens cut their price objective on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 23rd. Truist Financial dropped their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, April 22nd. StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a research report on Wednesday, May 22nd. Finally, DA Davidson dropped their price target on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. One equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.40.

Read Our Latest Analysis on Glacier Bancorp

Glacier Bancorp Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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