Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,923 shares of the bank’s stock after selling 4,161 shares during the period. D.A. Davidson & CO. owned about 0.14% of Glacier Bancorp worth $7,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Glacier Bancorp in the 2nd quarter valued at $25,000. GAMMA Investing LLC raised its position in Glacier Bancorp by 96.9% during the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock worth $59,000 after acquiring an additional 772 shares during the period. Venturi Wealth Management LLC raised its position in Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Glacier Bancorp during the third quarter worth $252,000. Finally, Intech Investment Management LLC acquired a new position in Glacier Bancorp during the second quarter worth $207,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $58.42 on Thursday. Glacier Bancorp, Inc. has a 52-week low of $32.00 and a 52-week high of $60.67. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 36.06 and a beta of 0.77. The company has a fifty day simple moving average of $50.58 and a 200-day simple moving average of $44.08. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The firm had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. On average, equities analysts anticipate that Glacier Bancorp, Inc. will post 1.7 EPS for the current fiscal year.

Glacier Bancorp Announces Dividend

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

Wall Street Analyst Weigh In

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

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.