Nkcfo LLC Purchases Shares of 9,000 Glacier Bancorp, Inc. (NASDAQ:GBCI)

Nkcfo LLC acquired a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,000 shares of the bank’s stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in Glacier Bancorp by 0.5% in the fourth quarter. Rhumbline Advisers now owns 388,660 shares of the bank’s stock worth $19,518,000 after buying an additional 2,053 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Glacier Bancorp by 148.5% during the 4th quarter. Blue Trust Inc. now owns 4,316 shares of the bank’s stock worth $217,000 after acquiring an additional 2,579 shares in the last quarter. Financial Advocates Investment Management grew its holdings in shares of Glacier Bancorp by 1.9% in the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock worth $817,000 after acquiring an additional 311 shares during the last quarter. Mather Group LLC. raised its position in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Glacier Bancorp by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock valued at $1,121,000 after purchasing an additional 350 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Trading Down 1.3 %

Shares of NASDAQ GBCI opened at $49.82 on Friday. The business has a 50 day simple moving average of $50.87 and a 200 day simple moving average of $49.31. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.65%. Glacier Bancorp’s dividend payout ratio (DPR) is 79.04%.

Analyst Upgrades and Downgrades

GBCI has been the topic of a number of analyst reports. Truist Financial lifted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Stephens raised Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Raymond James restated an “outperform” rating and set a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler lowered their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods increased 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 report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target 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.