Ashton Thomas Private Wealth LLC Cuts Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Ashton Thomas Private Wealth LLC trimmed its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 239,153 shares of the bank’s stock after selling 6,247 shares during the period. Ashton Thomas Private Wealth LLC owned about 0.21% of Glacier Bancorp worth $10,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in shares of Glacier Bancorp by 44.8% during 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 during the last quarter. Stockman Wealth Management Inc. boosted its position in shares of Glacier Bancorp by 61.6% during the 3rd quarter. Stockman Wealth Management Inc. now owns 9,742 shares of the bank’s stock valued at $445,000 after acquiring an additional 3,714 shares during the last quarter. Atria Investments Inc lifted its position in Glacier Bancorp by 17.8% during the third quarter. Atria Investments Inc now owns 14,643 shares of the bank’s stock valued at $669,000 after purchasing an additional 2,214 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of Glacier Bancorp by 20.7% in the 3rd quarter. QRG Capital Management Inc. now owns 7,668 shares of the bank’s stock worth $350,000 after buying an additional 1,316 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its holdings in shares of Glacier Bancorp by 4.2% in the 3rd quarter. Ceredex Value Advisors LLC now owns 321,500 shares of the bank’s stock worth $14,693,000 after buying an additional 13,000 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Analyst Ratings Changes

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

Glacier Bancorp Stock Performance

Shares of NASDAQ:GBCI opened at $56.70 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $6.43 billion, a PE ratio of 35.96 and a beta of 0.77. The firm’s 50 day simple moving average is $47.46 and its 200-day simple moving average is $42.49. Glacier Bancorp, Inc. has a one year low of $30.18 and a one year high of $59.19.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $324.28 million during the quarter, compared to analysts’ expectations of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same period in the prior year, the business earned $0.47 EPS. As a group, equities analysts predict that Glacier Bancorp, Inc. will post 1.67 EPS for the current year.

Glacier Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio (DPR) is 81.48%.

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.