Glacier Bancorp, Inc. (NASDAQ:GBCI) Stock Holdings Trimmed by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,259 shares of the bank’s stock after selling 4,787 shares during the quarter. Glacier Bancorp accounts for about 0.7% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 23rd largest holding. Segall Bryant & Hamill LLC owned about 0.93% of Glacier Bancorp worth $47,997,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its holdings in Glacier Bancorp by 60.3% in the first quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock worth $77,539,000 after acquiring an additional 724,089 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Glacier Bancorp by 19.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock valued at $77,435,000 after buying an additional 280,255 shares during the last quarter. Millennium Management LLC grew its position in shares of Glacier Bancorp by 131.9% during the second quarter. Millennium Management LLC now owns 477,154 shares of the bank’s stock worth $17,807,000 after acquiring an additional 271,398 shares during the last quarter. Sei Investments Co. grew its position in shares of Glacier Bancorp by 123.9% during the second quarter. Sei Investments Co. now owns 332,062 shares of the bank’s stock worth $12,393,000 after acquiring an additional 183,757 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in shares of Glacier Bancorp by 145.0% during the second quarter. Ceredex Value Advisors LLC now owns 308,500 shares of the bank’s stock valued at $11,513,000 after buying an additional 182,600 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GBCI shares. Truist Financial raised their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Raymond James lifted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Piper Sandler upped their price objective on Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $46.20.

Glacier Bancorp Price Performance

NASDAQ GBCI opened at $55.85 on Wednesday. Glacier Bancorp, Inc. has a 1 year low of $32.00 and a 1 year high of $59.19. The business’s fifty day moving average is $48.94 and its two-hundred day moving average is $43.31. The stock has a market capitalization of $6.33 billion, a P/E ratio of 34.48 and a beta of 0.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The firm had revenue of $324.28 million for the quarter, compared to the consensus estimate of $212.57 million. During the same quarter in the previous year, the company earned $0.47 EPS. On average, research analysts forecast that Glacier Bancorp, Inc. will post 1.67 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were issued a $0.33 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.36%. Glacier Bancorp’s payout ratio is currently 81.48%.

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.