American National Bank & Trust Invests $4.82 Million in Glacier Bancorp, Inc. $GBCI

American National Bank & Trust purchased a new position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 109,439 shares of the company’s stock, valued at approximately $4,821,000. American National Bank & Trust owned about 0.08% of Glacier Bancorp as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Mather Group LLC. bought a new position in Glacier Bancorp in the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC raised its stake in shares of Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Glacier Bancorp in the 3rd quarter valued at approximately $40,000. CIBC Private Wealth Group LLC grew its stake in shares of Glacier Bancorp by 1,176.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock valued at $62,000 after buying an additional 1,165 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Glacier Bancorp by 20.4% during the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $78,000 after buying an additional 273 shares during the last quarter. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Stock Performance

NYSE:GBCI opened at $45.50 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.83. Glacier Bancorp, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $53.99. The company has a 50 day simple moving average of $47.33 and a two-hundred day simple moving average of $45.85. The company has a market capitalization of $5.92 billion, a PE ratio of 22.86 and a beta of 0.73.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. During the same period last year, the company earned $0.54 earnings per share.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, April 7th will be 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 is Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is 66.33%.

Analyst Ratings Changes

Several research firms have issued reports on GBCI. Brean Capital lowered shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Stephens set a $58.00 target price on shares of Glacier Bancorp in a report on Monday, January 26th. Piper Sandler set a $59.00 price target on Glacier Bancorp and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Glacier Bancorp in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and an average target price of $55.67.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.