Bridge Generations Wealth Management LLC Makes New $70,000 Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Bridge Generations Wealth Management LLC bought a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 1,402 shares of the bank’s stock, valued at approximately $70,000.

A number of other large investors have also recently modified their holdings of the stock. Signaturefd LLC raised its holdings in Glacier Bancorp by 5.3% in the fourth quarter. Signaturefd LLC now owns 3,978 shares of the bank’s stock worth $200,000 after purchasing an additional 201 shares in the last quarter. Arizona State Retirement System grew its position in shares of Glacier Bancorp by 0.8% in the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank’s stock worth $1,653,000 after buying an additional 259 shares during the period. Mariner LLC increased its stake in shares of Glacier Bancorp by 2.4% in the 4th quarter. Mariner LLC now owns 12,430 shares of the bank’s stock worth $624,000 after acquiring an additional 292 shares in the last quarter. Financial Advocates Investment Management increased its stake in shares of Glacier Bancorp by 1.9% in the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock worth $817,000 after acquiring an additional 311 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Glacier Bancorp by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock valued at $1,121,000 after acquiring an additional 350 shares during the period. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 0.7 %

Shares of Glacier Bancorp stock opened at $39.56 on Friday. The company has a 50-day simple moving average of $44.72 and a two-hundred day simple moving average of $49.27. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $4.49 billion, a PE ratio of 23.69 and a beta of 0.80.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.34%. Glacier Bancorp’s dividend payout ratio (DPR) is presently 79.04%.

Wall Street Analysts Forecast Growth

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