Guggenheim Capital LLC Trims Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Guggenheim Capital LLC lowered its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,875 shares of the bank’s stock after selling 3,779 shares during the period. Guggenheim Capital LLC’s holdings in Glacier Bancorp were worth $1,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mariner LLC increased its position in Glacier Bancorp by 2.4% during the fourth quarter. Mariner LLC now owns 12,430 shares of the bank’s stock worth $624,000 after buying an additional 292 shares during the period. Barclays PLC increased its holdings in shares of Glacier Bancorp by 20.1% in the 4th quarter. Barclays PLC now owns 297,388 shares of the bank’s stock valued at $14,935,000 after acquiring an additional 49,671 shares during the period. Cim Investment Management Inc. purchased a new stake in Glacier Bancorp in the 4th quarter valued at $207,000. Sterling Capital Management LLC boosted its stake in Glacier Bancorp by 2.5% during the 4th quarter. Sterling Capital Management LLC now owns 116,710 shares of the bank’s stock worth $5,861,000 after purchasing an additional 2,899 shares during the period. Finally, Bank of Montreal Can grew its position in Glacier Bancorp by 3.5% during the 4th quarter. Bank of Montreal Can now owns 90,248 shares of the bank’s stock worth $4,532,000 after purchasing an additional 3,092 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Down 0.7 %

Shares of NASDAQ GBCI opened at $39.30 on Tuesday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 23.53 and a beta of 0.80. Glacier Bancorp, Inc. has a 52 week low of $34.48 and a 52 week high of $60.67. The firm has a 50-day moving average price of $44.28 and a 200 day moving average price of $49.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

Glacier Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is currently 79.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James reissued an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler cut their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Stephens upgraded 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 given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Glacier Bancorp currently has an average rating of “Hold” and a consensus price target 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.