Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Commerce Bank

Commerce Bank trimmed its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 7,790 shares of the bank’s stock after selling 250 shares during the period. Commerce Bank’s holdings in Glacier Bancorp were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in shares of Glacier Bancorp by 2.6% in the second quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank’s stock worth $632,000 after buying an additional 427 shares during the last quarter. Inspire Investing LLC increased its position in shares of Glacier Bancorp by 6.7% in the 2nd quarter. Inspire Investing LLC now owns 9,472 shares of the bank’s stock worth $353,000 after purchasing an additional 593 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Glacier Bancorp by 7.6% in the 2nd quarter. Hsbc Holdings PLC now owns 8,498 shares of the bank’s stock valued at $317,000 after purchasing an additional 600 shares in the last quarter. Allied Investment Advisors LLC lifted its position in shares of Glacier Bancorp by 4.5% during the third quarter. Allied Investment Advisors LLC now owns 14,831 shares of the bank’s stock worth $678,000 after purchasing an additional 643 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Glacier Bancorp in the second quarter worth about $25,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Glacier Bancorp Trading Down 0.9 %

Shares of NASDAQ GBCI opened at $58.38 on Wednesday. Glacier Bancorp, Inc. has a 12-month low of $32.00 and a 12-month high of $60.67. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 36.04 and a beta of 0.77. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock’s 50 day simple moving average is $50.33 and its 200 day simple moving average is $43.98.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The company had revenue of $324.28 million for the quarter, compared to analysts’ expectations of $212.57 million. During the same period last year, the business posted $0.47 earnings per share. Equities research analysts expect that Glacier Bancorp, Inc. will post 1.7 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio (DPR) is 81.48%.

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.