Davidson Investment Advisors Sells 320 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Davidson Investment Advisors lessened its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,028 shares of the bank’s stock after selling 320 shares during the period. Davidson Investment Advisors’ holdings in Glacier Bancorp were worth $403,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. lifted its holdings in Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after buying an additional 362 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares during the period. GAMMA Investing LLC increased its position in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after purchasing an additional 526 shares during the period. Blue Trust Inc. raised its holdings in Glacier Bancorp by 148.5% during the 4th quarter. Blue Trust Inc. now owns 4,316 shares of the bank’s stock worth $217,000 after purchasing an additional 2,579 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new position in shares of Glacier Bancorp in the 3rd quarter worth approximately $205,000. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GBCI shares. Truist Financial lifted their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Raymond James restated an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens upgraded Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a report on Friday, February 7th. Piper Sandler cut their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, 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 note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Stock Down 1.3 %

Shares of NASDAQ:GBCI opened at $49.82 on Tuesday. 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, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The business’s 50 day simple moving average is $50.87 and its two-hundred day simple moving average is $49.37. The firm has a market cap of $5.65 billion, a P/E ratio of 29.83 and a beta of 0.80.

Glacier Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio is currently 79.04%.

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.