Soltis Investment Advisors LLC Sells 10,302 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Soltis Investment Advisors LLC decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,383 shares of the bank’s stock after selling 10,302 shares during the period. Soltis Investment Advisors LLC owned 0.10% of Glacier Bancorp worth $5,895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of GBCI. Thrivent Financial for Lutherans grew its holdings in Glacier Bancorp by 19.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock valued at $77,435,000 after buying an additional 280,255 shares in the last quarter. Pier Capital LLC purchased a new position in Glacier Bancorp during the third quarter valued at $7,443,000. Barclays PLC increased its holdings in Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after acquiring an additional 98,158 shares during the last quarter. Natixis Advisors LLC lifted its stake in Glacier Bancorp by 30.9% in the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after purchasing an additional 78,107 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Glacier Bancorp by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank’s stock valued at $74,402,000 after purchasing an additional 49,006 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Trading Up 0.1 %

NASDAQ GBCI opened at $50.79 on Monday. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The company’s 50-day moving average price is $51.56 and its 200-day moving average price is $49.15. The stock has a market cap of $5.76 billion, a PE ratio of 30.37 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were issued a $0.33 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.60%. Glacier Bancorp’s payout ratio is currently 79.04%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GBCI. Piper Sandler cut their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Raymond James reiterated an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens raised Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods lifted their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Truist Financial increased their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and an average price target of $51.50.

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.