Thrivent Financial for Lutherans Has $52.78 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Thrivent Financial for Lutherans boosted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,414,154 shares of the bank’s stock after purchasing an additional 40,120 shares during the quarter. Thrivent Financial for Lutherans owned 1.25% of Glacier Bancorp worth $52,776,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Glacier Bancorp by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 12,350,243 shares of the bank’s stock valued at $510,312,000 after buying an additional 80,251 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Glacier Bancorp by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,611,345 shares of the bank’s stock valued at $97,450,000 after buying an additional 103,374 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Glacier Bancorp by 60.3% in the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock valued at $77,539,000 after buying an additional 724,089 shares in the last quarter. Capital International Investors raised its stake in shares of Glacier Bancorp by 45.1% in the 4th quarter. Capital International Investors now owns 1,822,994 shares of the bank’s stock valued at $75,326,000 after buying an additional 566,513 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Glacier Bancorp by 10.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,528,273 shares of the bank’s stock valued at $57,035,000 after buying an additional 149,404 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GBCI shares. Piper Sandler restated a “neutral” rating and issued a $38.00 price objective on shares of Glacier Bancorp in a research note on Tuesday, August 27th. Truist Financial increased their price objective on shares of Glacier Bancorp from $46.00 to $50.00 and gave the company a “hold” rating in a research note on Friday. Finally, StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Glacier Bancorp has an average rating of “Hold” and an average price target of $43.80.

Glacier Bancorp Stock Down 2.6 %

Shares of NASDAQ:GBCI opened at $46.24 on Monday. Glacier Bancorp, Inc. has a 12 month low of $26.83 and a 12 month high of $47.71. The company’s 50-day moving average price is $44.06 and its two-hundred day moving average price is $39.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.24 billion, a P/E ratio of 26.42 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. The firm had revenue of $306.04 million for the quarter, compared to analyst estimates of $204.43 million. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, research analysts forecast that Glacier Bancorp, Inc. will post 1.62 EPS for the current fiscal year.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio is currently 75.43%.

Insiders Place Their Bets

In other Glacier Bancorp news, CAO Don J. Chery sold 1,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $45.49, for a total transaction of $45,490.00. Following the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Annie M. Goodwin sold 5,619 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total value of $250,326.45. Following the transaction, the director now owns 9,402 shares of the company’s stock, valued at approximately $418,859.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Don J. Chery sold 1,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the transaction, the chief accounting officer now directly owns 52,539 shares in the company, valued at approximately $2,389,999.11. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.

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.