Glacier Bancorp, Inc. (NASDAQ:GBCI) Stock Position Reduced by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 1,050,259 shares of the bank’s stock after selling 4,787 shares during the quarter. Glacier Bancorp makes up approximately 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 23rd largest position. Segall Bryant & Hamill LLC’s holdings in Glacier Bancorp were worth $47,997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GBCI. Allspring Global Investments Holdings LLC bought a new position in Glacier Bancorp during the first quarter valued at approximately $25,000. SG Americas Securities LLC acquired a new stake in shares of Glacier Bancorp in the 1st quarter valued at $216,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Glacier Bancorp by 33.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 42,440 shares of the bank’s stock valued at $1,783,000 after purchasing an additional 10,580 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Glacier Bancorp by 21.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 78,463 shares of the bank’s stock worth $3,160,000 after buying an additional 13,655 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Glacier Bancorp by 60.3% during the 1st quarter. Capital Research Global Investors now owns 1,924,997 shares of the bank’s stock valued at $77,539,000 after acquiring an additional 724,089 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 1.1 %

Glacier Bancorp stock opened at $55.85 on Wednesday. The business has a 50 day moving average price of $48.94 and a two-hundred day moving average price of $43.31. 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, Inc. has a 12 month low of $32.00 and a 12 month high of $59.19. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 34.48 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The firm had revenue of $324.28 million during the quarter, compared to analysts’ expectations of $212.57 million. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. During the same period last year, the business earned $0.47 earnings per share. As a group, equities analysts forecast that Glacier Bancorp, Inc. will post 1.67 EPS for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.36%. Glacier Bancorp’s dividend payout ratio (DPR) is currently 81.48%.

Analyst Upgrades and Downgrades

Several brokerages have commented on GBCI. Raymond James increased their price target on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial upped their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Piper Sandler lifted their price target on Glacier Bancorp from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.20.

Glacier Bancorp 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.