Cetera Investment Advisers Has $742,000 Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Cetera Investment Advisers cut its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,776 shares of the bank’s stock after selling 641 shares during the quarter. Cetera Investment Advisers’ holdings in Glacier Bancorp were worth $742,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GBCI. Franklin Resources Inc. acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth $343,000. Wells Fargo & Company MN increased its position in shares of Glacier Bancorp by 4.6% during the fourth quarter. Wells Fargo & Company MN now owns 164,733 shares of the bank’s stock worth $8,273,000 after buying an additional 7,204 shares during the period. Barclays PLC increased its position in shares of Glacier Bancorp by 20.1% during the fourth quarter. Barclays PLC now owns 297,388 shares of the bank’s stock worth $14,935,000 after buying an additional 49,671 shares during the period. Mariner LLC boosted its stake in Glacier Bancorp by 2.4% during the fourth quarter. Mariner LLC now owns 12,430 shares of the bank’s stock worth $624,000 after acquiring an additional 292 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Glacier Bancorp during the fourth quarter worth $452,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI opened at $46.18 on Friday. Glacier Bancorp, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $60.67. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 27.66 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s 50-day simple moving average is $44.23 and its 200 day simple moving average is $44.16.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, research analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Tuesday, July 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, July 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 68.75%.

Insider Buying and Selling at Glacier Bancorp

In related news, insider Lee Kenneth Groom sold 800 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $44.24, for a total transaction of $35,392.00. Following the transaction, the insider directly owned 11,918 shares of the company’s stock, valued at $527,252.32. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.53% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GBCI shares. DA Davidson reissued a “buy” rating and set a $50.00 target price on shares of Glacier Bancorp in a research note on Wednesday, June 25th. Raymond James Financial reissued an “outperform” rating and set a $48.00 target price (up from $45.00) on shares of Glacier Bancorp in a research note on Thursday, June 26th. Keefe, Bruyette & Woods increased their target price on shares of Glacier Bancorp from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Friday, June 27th. Janney Montgomery Scott raised shares of Glacier Bancorp from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Thursday, June 5th. Finally, Piper Sandler increased their target price on shares of Glacier Bancorp from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp has an average rating of “Moderate Buy” and a consensus target price of $50.00.

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.