Fisher Asset Management LLC Reduces Stake in Glacier Bancorp, Inc. $GBCI

Fisher Asset Management LLC lowered its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 6.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 832,892 shares of the company’s stock after selling 56,017 shares during the quarter. Fisher Asset Management LLC owned about 0.64% of Glacier Bancorp worth $36,689,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after acquiring an additional 490 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Glacier Bancorp by 41.2% in the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after acquiring an additional 223 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Glacier Bancorp in the 3rd quarter valued at about $40,000. CIBC Private Wealth Group LLC increased its holdings in shares of Glacier Bancorp by 1,176.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,264 shares of the company’s stock valued at $62,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Glacier Bancorp by 219.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock valued at $79,000 after acquiring an additional 1,111 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 1.9%

Shares of NYSE GBCI opened at $48.58 on Wednesday. The stock has a market cap of $6.32 billion, a PE ratio of 22.70 and a beta of 0.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $53.99. The business has a 50-day moving average price of $46.83 and a 200 day moving average price of $46.32.

Glacier Bancorp (NYSE:GBCI) last announced its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The firm had revenue of $309.61 million during the quarter. During the same period last year, the company earned $0.48 earnings per share. Equities research analysts forecast that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio (DPR) is presently 61.68%.

Analyst Ratings Changes

A number of research firms have recently commented on GBCI. DA Davidson increased their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, April 27th. Wall Street Zen raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Brean Capital cut Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Weiss Ratings raised Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Finally, Janney Montgomery Scott started coverage on Glacier Bancorp in a research report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and an average price target of $55.17.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.