SG Americas Securities LLC Purchases 4,469 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

SG Americas Securities LLC raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 39.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,873 shares of the bank’s stock after acquiring an additional 4,469 shares during the period. SG Americas Securities LLC’s holdings in Glacier Bancorp were worth $797,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GBCI. GAMMA Investing LLC boosted its stake in Glacier Bancorp by 60.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after purchasing an additional 947 shares during the period. Venturi Wealth Management LLC increased its stake in Glacier Bancorp by 44.8% during the 3rd 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 in the last quarter. Wolverine Trading LLC purchased a new stake in Glacier Bancorp in the 3rd quarter valued at $205,000. Paloma Partners Management Co bought a new position in shares of Glacier Bancorp in the third quarter valued at approximately $250,000. Finally, OneDigital Investment Advisors LLC purchased a new position in Glacier Bancorp in the third quarter valued at about $252,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Trading Down 1.7 %

Shares of Glacier Bancorp stock opened at $49.01 on Thursday. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The firm’s 50-day moving average price is $52.86 and its 200 day moving average price is $48.83. 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 firm has a market capitalization of $5.56 billion, a PE ratio of 30.25 and a beta of 0.81.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio (DPR) is 81.48%.

Wall Street Analysts Forecast Growth

GBCI has been the subject of a number of recent analyst reports. Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday. Truist Financial raised their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.50.

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.