KBC Group NV Boosts Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

KBC Group NV lifted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 68.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,163 shares of the bank’s stock after buying an additional 2,095 shares during the period. KBC Group NV’s holdings in Glacier Bancorp were worth $259,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GBCI. Thrivent Financial for Lutherans lifted its holdings in Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock worth $77,435,000 after purchasing an additional 280,255 shares in the last quarter. Pier Capital LLC bought a new stake in shares of Glacier Bancorp during the third quarter valued at approximately $7,443,000. Barclays PLC lifted its holdings in shares of Glacier Bancorp by 65.6% in the third quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after buying an additional 98,158 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Glacier Bancorp by 30.9% during the third quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after acquiring an additional 78,107 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Glacier Bancorp by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank’s stock valued at $74,402,000 after acquiring an additional 49,006 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on GBCI. Raymond James reissued an “outperform” rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Truist Financial lifted their price objective on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Finally, Piper Sandler cut their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Down 2.1 %

NASDAQ GBCI opened at $48.61 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 29.11 and a beta of 0.81. The company has a fifty day moving average of $52.39 and a two-hundred day moving average of $48.97.

Glacier Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp’s dividend payout ratio (DPR) is currently 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.