FLC Capital Advisors Sells 1,000 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

FLC Capital Advisors lessened its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,600 shares of the bank’s stock after selling 1,000 shares during the quarter. FLC Capital Advisors’ holdings in Glacier Bancorp were worth $733,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Barclays PLC boosted its holdings in Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after buying an additional 98,158 shares during the period. Geode Capital Management LLC lifted its position in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock worth $132,662,000 after acquiring an additional 41,160 shares in the last quarter. LMR Partners LLP bought a new position in shares of Glacier Bancorp in the third quarter worth $543,000. BNP Paribas Financial Markets grew its position in shares of Glacier Bancorp by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock valued at $2,111,000 after purchasing an additional 19,814 shares in the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Glacier Bancorp by 79.2% during the 3rd quarter. Synovus Financial Corp now owns 32,484 shares of the bank’s stock valued at $1,485,000 after purchasing an additional 14,359 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of Glacier Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Truist Financial increased 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. Finally, Raymond James restated an “outperform” rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Glacier Bancorp Trading Up 1.8 %

Shares of GBCI opened at $51.13 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. The company has a market capitalization of $5.80 billion, a P/E ratio of 29.44 and a beta of 0.81. The firm’s 50 day simple moving average is $53.66 and its 200 day simple moving average is $48.17.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The firm had revenue of $324.28 million for the quarter, compared to analysts’ expectations of $212.57 million. During the same quarter last year, the company posted $0.47 EPS. Sell-side analysts forecast that Glacier Bancorp, Inc. will post 1.73 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders 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 2.58%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp’s payout ratio is currently 81.48%.

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.