Glacier Bancorp, Inc. $GBCI Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 832,892 shares of the company’s stock after selling 56,017 shares during the quarter. Fisher Asset Management LLC’s holdings in Glacier Bancorp were worth $36,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GBCI. Vanguard Group Inc. lifted its holdings in shares of Glacier Bancorp by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock valued at $588,471,000 after buying an additional 870,335 shares during the period. Balyasny Asset Management L.P. acquired a new stake in shares of Glacier Bancorp in the 2nd quarter valued at approximately $24,362,000. Bank of America Corp DE lifted its holdings in shares of Glacier Bancorp by 113.0% in the 3rd quarter. Bank of America Corp DE now owns 872,117 shares of the company’s stock valued at $42,446,000 after buying an additional 462,711 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Glacier Bancorp by 30.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock valued at $73,229,000 after buying an additional 390,366 shares during the period. Finally, Freestone Grove Partners LP lifted its holdings in shares of Glacier Bancorp by 24.8% in the 3rd quarter. Freestone Grove Partners LP now owns 1,385,589 shares of the company’s stock valued at $67,437,000 after buying an additional 275,209 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Performance

NYSE GBCI opened at $48.58 on Wednesday. Glacier Bancorp, Inc. has a 1-year low of $39.90 and a 1-year high of $53.99. The company has a market capitalization of $6.32 billion, a P/E ratio of 22.70 and a beta of 0.76. The business has a 50 day moving average price of $46.83 and a 200 day moving average price of $46.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.83 and a quick ratio of 0.83.

Glacier Bancorp (NYSE:GBCI) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The firm had revenue of $309.61 million during the quarter. During the same period in the previous year, the business earned $0.48 earnings per share. Sell-side analysts expect that Glacier Bancorp, Inc. will post 3.16 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.32 annualized dividend and a yield of 2.7%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 61.68%.

Analysts Set New Price Targets

GBCI has been the subject of several recent analyst reports. Janney Montgomery Scott initiated coverage on Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price target for the company. DA Davidson raised their price target on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 27th. Piper Sandler raised their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Stephens raised their price objective on Glacier Bancorp from $52.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company 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.