Equitable Trust Co. Sells 1,869 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Equitable Trust Co. reduced its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,079 shares of the bank’s stock after selling 1,869 shares during the period. Equitable Trust Co.’s holdings in Glacier Bancorp were worth $356,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Advocates Investment Management lifted its stake in shares of Glacier Bancorp by 1.9% during the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock valued at $817,000 after buying an additional 311 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Glacier Bancorp by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock valued at $1,121,000 after acquiring an additional 350 shares during the period. Mather Group LLC. raised its holdings in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares during the period. Cladis Investment Advisory LLC lifted its position in shares of Glacier Bancorp by 1.6% in the third quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock valued at $1,494,000 after acquiring an additional 500 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of Glacier Bancorp by 9.4% in the third quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after acquiring an additional 507 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Trading Up 1.6 %

GBCI stock opened at $51.13 on Wednesday. The firm has a fifty day moving average price of $51.40 and a 200 day moving average price of $49.22. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The firm has a market cap of $5.80 billion, a PE ratio of 30.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were paid a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.58%. Glacier Bancorp’s payout ratio is currently 79.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBCI. Truist Financial lifted their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens upgraded shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Raymond James reaffirmed an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Piper Sandler decreased their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.50.

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.