Deprince Race & Zollo Inc. Reduces Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Deprince Race & Zollo Inc. trimmed its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 24.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,451,243 shares of the bank’s stock after selling 463,835 shares during the quarter. Glacier Bancorp makes up about 1.4% of Deprince Race & Zollo Inc.’s portfolio, making the stock its 6th biggest holding. Deprince Race & Zollo Inc. owned 1.28% of Glacier Bancorp worth $72,881,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its stake in Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after buying an additional 98,158 shares during the last quarter. 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 worth $153,000 after buying an additional 526 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Glacier Bancorp in the fourth quarter valued at about $273,000. Argent Capital Management LLC raised its stake in Glacier Bancorp by 38.6% in the 4th quarter. Argent Capital Management LLC now owns 17,411 shares of the bank’s stock worth $874,000 after purchasing an additional 4,853 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Glacier Bancorp by 39.2% during the fourth quarter. SG Americas Securities LLC now owns 15,873 shares of the bank’s stock worth $797,000 after purchasing an additional 4,469 shares during the period. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 0.1 %

Shares of NASDAQ:GBCI opened at $41.16 on Thursday. The firm has a market cap of $4.67 billion, a P/E ratio of 24.65 and a beta of 0.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $42.43 and a 200 day simple moving average of $48.77. Glacier Bancorp, Inc. has a 12-month low of $34.48 and a 12-month high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Monday, April 28th. The bank reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%. During the same period in the prior year, the company earned $0.29 earnings per share. Analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is 70.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Glacier Bancorp from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. Raymond James set a $45.00 price objective on Glacier Bancorp in a research note on Monday, April 28th. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, Piper Sandler dropped their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.50.

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.