Glacier Bancorp, Inc. (NASDAQ:GBCI) Stake Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 51,404 shares of the bank’s stock after selling 731 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Glacier Bancorp were worth $2,349,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Glacier Bancorp by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,611,345 shares of the bank’s stock valued at $97,450,000 after purchasing an additional 103,374 shares during the last quarter. Capital Research Global Investors lifted its position 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. Victory Capital Management Inc. boosted its stake in shares of Glacier Bancorp by 10.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,528,273 shares of the bank’s stock worth $57,035,000 after acquiring an additional 149,404 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Glacier Bancorp by 2.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,414,154 shares of the bank’s stock worth $52,776,000 after acquiring an additional 40,120 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Glacier Bancorp by 9.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,125,955 shares of the bank’s stock worth $42,021,000 after purchasing an additional 99,811 shares during the period. Institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

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

Glacier Bancorp Trading Down 0.3 %

NASDAQ:GBCI opened at $56.98 on Thursday. The stock has a market cap of $6.46 billion, a PE ratio of 35.28 and a beta of 0.77. Glacier Bancorp, Inc. has a fifty-two week low of $32.00 and a fifty-two week high of $59.19. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50-day moving average is $47.67 and its two-hundred day moving average is $42.63.

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

Glacier Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Tuesday, October 8th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 81.48%.

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.