Glacier Bancorp, Inc. $GBCI Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC reduced its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,464 shares of the bank’s stock after selling 14,508 shares during the quarter. Ashton Thomas Private Wealth LLC owned about 0.18% of Glacier Bancorp worth $8,808,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in shares of Glacier Bancorp by 1.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,630 shares of the bank’s stock valued at $544,000 after buying an additional 240 shares during the period. AlphaQuest LLC lifted its holdings in shares of Glacier Bancorp by 9.5% in the 2nd quarter. AlphaQuest LLC now owns 3,001 shares of the bank’s stock valued at $129,000 after buying an additional 260 shares during the period. CWM LLC lifted its holdings in shares of Glacier Bancorp by 0.7% in the 1st quarter. CWM LLC now owns 39,635 shares of the bank’s stock valued at $1,753,000 after buying an additional 285 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Glacier Bancorp by 1.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 31,800 shares of the bank’s stock valued at $1,406,000 after buying an additional 300 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in shares of Glacier Bancorp by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 27,136 shares of the bank’s stock valued at $1,200,000 after buying an additional 300 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Performance

Glacier Bancorp stock opened at $43.90 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $47.73 and a two-hundred day moving average of $44.58. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 26.28 and a beta of 0.79. Glacier Bancorp, Inc. has a fifty-two week low of $36.76 and a fifty-two week high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 16th. The bank reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.05). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%.During the same period in the previous year, the company posted $0.46 EPS. On average, analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $1.32 annualized dividend and a yield of 3.0%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 64.71%.

Analysts Set New Price Targets

Several analysts have recently commented on GBCI shares. Keefe, Bruyette & Woods reduced their price target on Glacier Bancorp from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Monday, October 20th. Raymond James Financial reduced their price objective on Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $50.00 price objective on shares of Glacier Bancorp in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Glacier Bancorp currently has an average rating of “Moderate Buy” and an average target price of $50.83.

Insiders Place Their Bets

In other Glacier Bancorp news, insider Lee Kenneth Groom sold 800 shares of the firm’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $44.24, for a total transaction of $35,392.00. Following the completion of the transaction, the insider owned 11,918 shares of the company’s stock, valued at approximately $527,252.32. This trade represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.53% of the company’s stock.

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.