9,000 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Purchased by Nkcfo LLC

Nkcfo LLC acquired a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,000 shares of the bank’s stock, valued at approximately $452,000.

A number of other large investors also recently bought and sold shares of the company. Mather Group LLC. increased its holdings in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after purchasing an additional 526 shares during the period. Blue Trust Inc. lifted its position in shares of Glacier Bancorp by 148.5% in the 4th quarter. Blue Trust Inc. now owns 4,316 shares of the bank’s stock worth $217,000 after buying an additional 2,579 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new position in shares of Glacier Bancorp in the 3rd quarter valued at about $205,000. Institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GBCI. Truist Financial increased their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens upgraded Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 7th. Raymond James reiterated an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Piper Sandler lowered their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Glacier Bancorp presently has an average rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Trading Down 1.3 %

NASDAQ:GBCI opened at $49.82 on Friday. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 29.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The business has a fifty day moving average of $50.87 and a 200-day moving average of $49.31.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a $0.33 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.65%. Glacier Bancorp’s dividend payout ratio is presently 79.04%.

About Glacier Bancorp

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.