Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Clifford Capital Partners LLC

Clifford Capital Partners LLC lessened its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 406,249 shares of the bank’s stock after selling 16,702 shares during the quarter. Glacier Bancorp makes up about 3.7% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 7th largest position. Clifford Capital Partners LLC’s holdings in Glacier Bancorp were worth $18,566,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in Glacier Bancorp during the second quarter worth about $25,000. GAMMA Investing LLC lifted its position in shares of Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock worth $59,000 after buying an additional 772 shares during the period. Venturi Wealth Management LLC boosted its stake in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after buying an additional 927 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Glacier Bancorp in the 2nd quarter valued at $207,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Glacier Bancorp during the third quarter valued at $252,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Stock Down 0.9 %

Shares of NASDAQ:GBCI opened at $58.38 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market cap of $6.62 billion, a P/E ratio of 36.35 and a beta of 0.77. Glacier Bancorp, Inc. has a 12 month low of $32.00 and a 12 month high of $60.67. The company’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $43.98.

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, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $324.28 million during the quarter, compared to analysts’ expectations of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, research analysts forecast that Glacier Bancorp, Inc. will post 1.7 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.32 annualized dividend and a yield of 2.26%. Glacier Bancorp’s dividend payout ratio is currently 81.48%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GBCI. Piper Sandler upped their target price on shares of Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Raymond James boosted their price target on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Truist Financial raised their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $46.20.

Glacier Bancorp Company Profile

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.