Glacier Bancorp, Inc. $GBCI Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. decreased its holdings in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 19.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,528 shares of the company’s stock after selling 92,586 shares during the quarter. Glacier Bancorp comprises about 0.9% of Heartland Advisors Inc.’s portfolio, making the stock its 27th biggest holding. Heartland Advisors Inc. owned approximately 0.29% of Glacier Bancorp worth $16,366,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Glacier Bancorp during the fourth quarter worth $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after buying an additional 490 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Glacier Bancorp by 41.2% during the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after buying an additional 223 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Glacier Bancorp during the third quarter worth $40,000. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Glacier Bancorp by 1,176.8% during the third quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock worth $62,000 after buying an additional 1,165 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 0.3%

Shares of GBCI stock opened at $47.94 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $6.24 billion, a PE ratio of 22.40 and a beta of 0.74. The company has a 50-day moving average of $47.60 and a two-hundred day moving average of $46.76. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $53.99.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $309.61 million during the quarter. Glacier Bancorp had a net margin of 17.60% and a return on equity of 7.19%. During the same period last year, the business earned $0.48 EPS. On average, analysts predict that Glacier Bancorp, Inc. will post 3.16 EPS for the current year.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio (DPR) is 61.68%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on GBCI shares. Piper Sandler upped their target price on shares of Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. DA Davidson upped their target price on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Stephens upped their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.17.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.