Stifel Financial Corp Decreases Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Stifel Financial Corp lessened its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report) by 22.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,675 shares of the bank’s stock after selling 63,665 shares during the quarter. Stifel Financial Corp owned about 0.20% of Glacier Bancorp worth $9,242,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Cercano Management LLC purchased a new stake in Glacier Bancorp in the fourth quarter worth approximately $13,112,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Glacier Bancorp by 5,065.3% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 586,360 shares of the bank’s stock worth $24,228,000 after buying an additional 575,008 shares during the last quarter. Tudor Investment Corp Et Al grew its holdings in shares of Glacier Bancorp by 536.2% in the third quarter. Tudor Investment Corp Et Al now owns 112,033 shares of the bank’s stock worth $3,193,000 after acquiring an additional 94,422 shares during the period. Aigen Investment Management LP purchased a new stake in Glacier Bancorp during the third quarter valued at $956,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Glacier Bancorp by 30.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,024,466 shares of the bank’s stock valued at $29,197,000 after acquiring an additional 239,168 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

Shares of NASDAQ:GBCI opened at $36.21 on Thursday. The company has a market capitalization of $4.11 billion, a P/E ratio of 20.69 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 simple moving average is $37.71 and its two-hundred day simple moving average is $38.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.79 and a quick ratio of 0.79.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last issued its earnings results 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 during 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%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. Research analysts expect that Glacier Bancorp, Inc. will post 1.64 EPS for the current fiscal year.

Glacier Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors 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 3.65%. The ex-dividend date was Monday, April 8th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s dividend payout ratio (DPR) is 75.43%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GBCI shares. Truist Financial cut their price target on Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Monday, April 22nd. DA Davidson reduced their target price on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating for the company in a report on Monday, April 22nd. StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a research report on Thursday. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.40.

Check Out 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.

Featured Stories

Want to see what other hedge funds are holding GBCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report).

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

Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.