Clifford Capital Partners LLC Reduces Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Clifford Capital Partners LLC lessened its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 406,249 shares of the bank’s stock after selling 16,702 shares during the period. Glacier Bancorp makes up 3.7% of Clifford Capital Partners LLC’s holdings, making the stock its 7th largest position. Clifford Capital Partners LLC owned about 0.36% of Glacier Bancorp worth $18,566,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Glacier Bancorp in the 2nd quarter valued at $25,000. GAMMA Investing LLC raised its holdings in shares of Glacier Bancorp by 96.9% during the second quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after acquiring an additional 772 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after acquiring an additional 927 shares in the last quarter. Intech Investment Management LLC acquired a new position in Glacier Bancorp in the 2nd quarter worth approximately $207,000. Finally, OneDigital Investment Advisors LLC purchased a new position in Glacier Bancorp during the 3rd quarter worth approximately $252,000. Institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on GBCI shares. Truist Financial raised their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Piper Sandler upped their price objective on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Finally, Raymond James lifted their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.20.

Glacier Bancorp Stock Down 0.9 %

Shares of Glacier Bancorp stock opened at $58.38 on Wednesday. Glacier Bancorp, Inc. has a 12-month low of $32.00 and a 12-month high of $60.67. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $50.33 and a two-hundred day moving average price of $43.98. The stock has a market capitalization of $6.62 billion, a P/E ratio of 36.35 and a beta of 0.77.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. The business had revenue of $324.28 million during the quarter, compared to the consensus estimate of $212.57 million. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. During the same period in the prior year, the firm earned $0.47 EPS. Equities analysts expect that Glacier Bancorp, Inc. will post 1.7 earnings per share for the current year.

Glacier Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Tuesday, December 10th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.26%. Glacier Bancorp’s dividend payout ratio is presently 81.48%.

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.