Silver Oak Advisory Group Inc. Has $668,000 Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Silver Oak Advisory Group Inc. cut its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,175 shares of the bank’s stock after selling 1,046 shares during the quarter. Silver Oak Advisory Group Inc.’s holdings in Glacier Bancorp were worth $668,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp Et Al lifted its position in shares of Glacier Bancorp by 536.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 112,033 shares of the bank’s stock valued at $3,193,000 after acquiring an additional 94,422 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Glacier Bancorp in the third quarter valued at $956,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Glacier Bancorp by 30.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,024,466 shares of the bank’s stock valued at $29,197,000 after purchasing an additional 239,168 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Glacier Bancorp in the third quarter worth $2,992,000. Finally, Boston Partners grew its holdings in shares of Glacier Bancorp by 37.7% during the third quarter. Boston Partners now owns 172,119 shares of the bank’s stock valued at $4,905,000 after buying an additional 47,142 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GBCI shares. Raymond James increased their price objective on Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Truist Financial decreased their price target on shares of Glacier Bancorp from $42.00 to $40.00 and set a “hold” rating for the company in a report on Monday. DA Davidson lowered their price objective on shares of Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday. Stephens cut their target price on shares of Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, two 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 presently has a consensus rating of “Hold” and a consensus price target of $40.40.

Glacier Bancorp Stock Performance

Glacier Bancorp stock traded down $0.54 on Thursday, reaching $37.40. 658,404 shares of the stock were exchanged, compared to its average volume of 761,203. The stock has a market cap of $4.24 billion, a PE ratio of 21.37 and a beta of 0.80. The firm has a fifty day moving average price of $37.89 and a two-hundred day moving average price of $36.84. Glacier Bancorp, Inc. has a twelve month low of $26.77 and a twelve month high of $44.06. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.04). The business had revenue of $196.47 million for the quarter, compared to analyst estimates of $202.66 million. Glacier Bancorp had a return on equity of 6.51% and a net margin of 16.40%. Glacier Bancorp’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. Sell-side analysts anticipate that Glacier Bancorp, Inc. will post 1.73 EPS for the current year.

Glacier Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Tuesday, April 9th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, April 8th. This is a boost from Glacier Bancorp’s previous quarterly dividend of $0.10. Glacier Bancorp’s dividend payout ratio (DPR) is presently 75.43%.

Glacier Bancorp Company 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.