D L Carlson Investment Group Inc. Buys New Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

D L Carlson Investment Group Inc. purchased a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,431 shares of the bank’s stock, valued at approximately $223,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Glacier Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after purchasing an additional 41,160 shares during the period. Bank of New York Mellon Corp boosted its position in Glacier Bancorp by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock valued at $59,988,000 after buying an additional 52,566 shares during the last quarter. Norges Bank acquired a new position in Glacier Bancorp in the 4th quarter worth approximately $56,923,000. Segall Bryant & Hamill LLC lifted its stake in Glacier Bancorp by 1.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,062,294 shares of the bank’s stock valued at $53,348,000 after acquiring an additional 12,035 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Glacier Bancorp by 19.9% in the 4th quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock valued at $49,419,000 after acquiring an additional 163,061 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler decreased their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their target price on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, 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 research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Stock Up 1.0 %

Glacier Bancorp stock opened at $44.24 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $5.02 billion, a PE ratio of 26.49 and a beta of 0.77. The business has a 50 day simple moving average of $47.85 and a 200-day simple moving average of $49.94. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67.

Glacier Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, April 8th. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

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.