Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,785 shares of the bank’s stock after selling 1,040 shares during the period. Yousif Capital Management LLC’s holdings in Glacier Bancorp were worth $1,715,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Wood Tarver Financial Group LLC purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth $33,000. UMB Bank n.a. boosted its position in Glacier Bancorp by 114.9% during the first quarter. UMB Bank n.a. now owns 838 shares of the bank’s stock worth $37,000 after acquiring an additional 448 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Glacier Bancorp by 252.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,398 shares of the bank’s stock valued at $62,000 after acquiring an additional 1,001 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp in the 4th quarter valued at about $63,000. Finally, Bridge Generations Wealth Management LLC acquired a new stake in Glacier Bancorp in the 4th quarter valued at about $70,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Stock Down 0.2%

Shares of GBCI opened at $41.05 on Tuesday. The company’s 50-day moving average price is $41.40 and its 200 day moving average price is $46.28. The firm has a market cap of $4.66 billion, a P/E ratio of 24.58 and a beta of 0.77. Glacier Bancorp, Inc. has a 12-month low of $34.71 and a 12-month high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, sell-side analysts forecast that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.22%. Glacier Bancorp’s payout ratio is currently 70.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Janney Montgomery Scott upgraded Glacier Bancorp from a “neutral” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Thursday, June 5th. Keefe, Bruyette & Woods cut their target price on Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, Raymond James set a $45.00 price objective on shares of Glacier Bancorp in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.00.

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.