Iron Gate Global Advisors LLC Increases Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Iron Gate Global Advisors LLC boosted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,230 shares of the bank’s stock after purchasing an additional 500 shares during the quarter. Iron Gate Global Advisors LLC’s holdings in Glacier Bancorp were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after buying an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC grew its holdings in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after acquiring an additional 431 shares in the last quarter. GAMMA Investing LLC grew its holdings in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after acquiring an additional 526 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in 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 purchasing an additional 578 shares during the period. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Trading Up 1.9 %

NASDAQ:GBCI opened at $39.31 on Wednesday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 23.54 and a beta of 0.80. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $45.17 and a 200 day moving average of $49.39.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.33 per share. The ex-dividend date is Tuesday, April 8th. This represents a $1.32 annualized dividend and a dividend yield of 3.36%. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GBCI shares. Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Piper Sandler lowered their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Finally, Raymond James reiterated an “outperform” rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and an average 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.