Sei Investments Co. Trims Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Sei Investments Co. cut its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,428 shares of the bank’s stock after selling 86,501 shares during the quarter. Sei Investments Co.’s holdings in Glacier Bancorp were worth $20,210,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GBCI. Signaturefd LLC grew its stake in Glacier Bancorp by 5.3% in the 4th quarter. Signaturefd LLC now owns 3,978 shares of the bank’s stock worth $200,000 after acquiring an additional 201 shares during the period. Arizona State Retirement System lifted its holdings in shares of Glacier Bancorp by 0.8% during the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank’s stock worth $1,653,000 after acquiring an additional 259 shares during the period. Financial Advocates Investment Management grew its holdings in Glacier Bancorp by 1.9% in the fourth quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock valued at $817,000 after purchasing an additional 311 shares during the period. Pacer Advisors Inc. increased its position in Glacier Bancorp by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock worth $1,121,000 after purchasing an additional 350 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Glacier Bancorp Stock Down 0.9 %

Shares of Glacier Bancorp stock opened at $44.85 on Friday. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. The company has a market capitalization of $5.09 billion, a PE ratio of 26.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average of $48.13 and a 200-day moving average of $49.82.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 2.94%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

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.