Nkcfo LLC Makes New $452,000 Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Nkcfo LLC acquired a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 9,000 shares of the bank's stock, valued at approximately $452,000.

Several other large investors also recently bought and sold shares of GBCI. Rhumbline Advisers grew its position in shares of Glacier Bancorp by 0.5% in the fourth quarter. Rhumbline Advisers now owns 388,660 shares of the bank's stock valued at $19,518,000 after purchasing an additional 2,053 shares in the last quarter. Blue Trust Inc. grew its position in shares of Glacier Bancorp by 148.5% in the fourth quarter. Blue Trust Inc. now owns 4,316 shares of the bank's stock valued at $217,000 after purchasing an additional 2,579 shares in the last quarter. Financial Advocates Investment Management grew its position in shares of Glacier Bancorp by 1.9% in the fourth quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank's stock valued at $817,000 after purchasing an additional 311 shares in the last quarter. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Glacier Bancorp by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank's stock valued at $1,121,000 after purchasing an additional 350 shares in the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Down 0.7 %

NASDAQ:GBCI traded down $0.35 during trading hours on Wednesday, reaching $50.08. 453,260 shares of the stock were exchanged, compared to its average volume of 601,627. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average of $50.64 and a two-hundred day moving average of $49.49. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 29.99 and a beta of 0.80.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GBCI. Raymond James restated an "outperform" rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Truist Financial upped their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods upped 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. Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Stephens upgraded Glacier Bancorp from an "equal weight" rating to an "overweight" rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $51.50.

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.