HighTower Advisors LLC Grows Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

HighTower Advisors LLC lifted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 143.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,307 shares of the bank’s stock after buying an additional 8,425 shares during the quarter. HighTower Advisors LLC’s holdings in Glacier Bancorp were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. increased its holdings in Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after acquiring an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Glacier Bancorp in the fourth quarter worth $63,000. Smartleaf Asset Management LLC increased its stake in shares of Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after purchasing an additional 431 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after purchasing an additional 526 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Glacier Bancorp by 19.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock valued at $177,000 after buying an additional 578 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Down 2.2 %

NASDAQ GBCI opened at $43.81 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 26.23 and a beta of 0.77. The company has a fifty day moving average of $47.99 and a two-hundred day moving average of $49.83.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.01%. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Raymond James reissued an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Piper Sandler dropped their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Glacier Bancorp has a consensus rating of “Hold” and a consensus target price of $51.50.

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.