5,000 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Bought by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,000 shares of the bank’s stock, valued at approximately $251,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Glacier Bancorp by 60.4% during the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after buying an additional 947 shares during the last quarter. Venturi Wealth Management LLC lifted its position in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after acquiring an additional 927 shares in the last quarter. Wolverine Trading LLC acquired a new position in Glacier Bancorp during the 3rd quarter valued at about $205,000. Intech Investment Management LLC bought a new stake in Glacier Bancorp during the 2nd quarter worth approximately $207,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Glacier Bancorp in the third quarter worth approximately $250,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock Down 1.6 %

Shares of NASDAQ:GBCI opened at $50.53 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 $5.73 billion, a PE ratio of 31.19 and a beta of 0.81. The business has a fifty day moving average price of $53.10 and a two-hundred day moving average price of $48.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The company had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. Analysts forecast that Glacier Bancorp, Inc. will post 1.73 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp’s payout ratio is 81.48%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler raised their price objective on Glacier Bancorp from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. Raymond James reiterated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Truist Financial raised their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and a consensus price target of $52.00.

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.