Heartland Advisors Inc. Has $28.41 Million Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Heartland Advisors Inc. lessened its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 565,756 shares of the bank’s stock after selling 46,066 shares during the period. Glacier Bancorp comprises about 1.5% of Heartland Advisors Inc.’s holdings, making the stock its 4th largest holding. Heartland Advisors Inc. owned approximately 0.50% of Glacier Bancorp worth $28,412,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Barclays PLC raised its holdings in Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after buying an additional 98,158 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after acquiring an additional 41,160 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Glacier Bancorp by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock worth $2,111,000 after purchasing an additional 19,814 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Glacier Bancorp in the fourth quarter worth about $716,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Glacier Bancorp during the 4th quarter valued at about $281,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Raymond James reiterated an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods raised their target price 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. Finally, Piper Sandler reduced their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $44.85 on Friday. The company’s fifty day moving average price is $48.13 and its 200-day moving average price is $49.82. The stock has a market cap of $5.09 billion, a PE ratio of 26.86 and a beta of 0.77. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, April 8th. Glacier Bancorp’s payout ratio is currently 79.04%.

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.