Clifford Capital Partners LLC Has $16.41 Million Stake in Glacier Bancorp, Inc. $GBCI

Clifford Capital Partners LLC trimmed its holdings in Glacier Bancorp, Inc. (NYSE:GBCI) by 18.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 372,472 shares of the company’s stock after selling 82,497 shares during the period. Glacier Bancorp comprises about 2.8% of Clifford Capital Partners LLC’s investment portfolio, making the stock its 21st largest holding. Clifford Capital Partners LLC owned about 0.29% of Glacier Bancorp worth $16,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in Glacier Bancorp by 15.0% in the third quarter. Natixis Advisors LLC now owns 562,404 shares of the company’s stock valued at $27,372,000 after acquiring an additional 73,545 shares during the period. Capital International Investors boosted its position in shares of Glacier Bancorp by 17.1% during the third quarter. Capital International Investors now owns 1,742,780 shares of the company’s stock worth $84,821,000 after buying an additional 254,514 shares during the period. American National Bank & Trust acquired a new position in shares of Glacier Bancorp during the fourth quarter worth about $4,821,000. Deprince Race & Zollo Inc. grew its holdings in shares of Glacier Bancorp by 30.7% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,662,407 shares of the company’s stock worth $73,229,000 after buying an additional 390,366 shares in the last quarter. Finally, Jain Global LLC grew its holdings in shares of Glacier Bancorp by 81.2% during the third quarter. Jain Global LLC now owns 192,569 shares of the company’s stock worth $9,372,000 after buying an additional 86,271 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Performance

GBCI opened at $48.11 on Thursday. Glacier Bancorp, Inc. has a 52-week low of $39.90 and a 52-week high of $53.99. The firm has a market capitalization of $6.26 billion, a PE ratio of 22.48 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.83 and a current ratio of 0.83. The business’s 50-day simple moving average is $47.96 and its 200 day simple moving average is $46.99.

Glacier Bancorp (NYSE:GBCI) last released its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The business had revenue of $309.61 million for the quarter. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, sell-side analysts expect that Glacier Bancorp, Inc. will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Tuesday, April 7th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, April 7th. Glacier Bancorp’s dividend payout ratio is presently 61.68%.

Analyst Ratings Changes

A number of research analysts recently issued reports on GBCI shares. DA Davidson increased their price objective on Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Stephens increased their price objective on Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Piper Sandler increased their price objective on Glacier Bancorp from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.