Corebridge Financial Inc. Sells 10,001 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Corebridge Financial Inc. lessened its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,169 shares of the bank’s stock after selling 10,001 shares during the period. Corebridge Financial Inc. owned approximately 0.16% of Glacier Bancorp worth $9,249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GBCI. Mather Group LLC. boosted its stake in Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $63,000. Smartleaf Asset Management LLC grew its stake in shares of Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after acquiring an additional 431 shares in the last quarter. GAMMA Investing LLC increased its position in Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after acquiring an additional 526 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in Glacier Bancorp by 19.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after purchasing an additional 578 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analyst Ratings Changes

GBCI has been the topic of a number of analyst reports. Raymond James restated an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler reduced their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Trading Down 0.9 %

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

Glacier Bancorp Dividend Announcement

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

About Glacier Bancorp

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.