Fisher Asset Management LLC Lowers Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Fisher Asset Management LLC reduced its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 820,995 shares of the bank’s stock after selling 17,314 shares during the quarter. Fisher Asset Management LLC owned about 0.72% of Glacier Bancorp worth $37,519,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of GBCI. International Assets Investment Management LLC purchased a new position in shares of Glacier Bancorp during the second quarter valued at $25,000. GAMMA Investing LLC increased its position in Glacier Bancorp by 96.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after purchasing an additional 772 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 927 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Glacier Bancorp in the 2nd quarter worth approximately $207,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Glacier Bancorp during the third quarter valued at approximately $252,000. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Trading Down 0.9 %

Shares of NASDAQ:GBCI opened at $58.38 on Wednesday. The business’s 50-day moving average is $50.33 and its 200 day moving average is $43.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. Glacier Bancorp, Inc. has a 1 year low of $32.00 and a 1 year high of $60.67. The firm has a market capitalization of $6.62 billion, a P/E ratio of 36.04 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The firm had revenue of $324.28 million for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.47 earnings per share. On average, research analysts predict that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GBCI. Raymond James boosted their price objective on shares of Glacier Bancorp from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Truist Financial upped their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Piper Sandler lifted their target price on Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.20.

Glacier Bancorp 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.