49,363 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Purchased by Babb Wealth Advisors LLC

Babb Wealth Advisors LLC purchased a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 49,363 shares of the bank's stock, valued at approximately $2,479,000. Glacier Bancorp accounts for about 2.0% of Babb Wealth Advisors LLC's investment portfolio, making the stock its 9th biggest position.

Several other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Glacier Bancorp during the fourth quarter worth about $9,544,000. Arizona State Retirement System boosted its holdings in Glacier Bancorp by 0.8% in the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank's stock worth $1,653,000 after buying an additional 259 shares during the period. Proficio Capital Partners LLC purchased a new position in Glacier Bancorp in the 4th quarter valued at approximately $716,000. M&T Bank Corp grew its stake in Glacier Bancorp by 4.4% in the 4th quarter. M&T Bank Corp now owns 115,574 shares of the bank's stock valued at $5,804,000 after buying an additional 4,822 shares in the last quarter. Finally, Atria Investments Inc raised its holdings in Glacier Bancorp by 12.0% during the 4th quarter. Atria Investments Inc now owns 16,395 shares of the bank's stock valued at $823,000 after acquiring an additional 1,752 shares during the period. Hedge funds and other institutional investors own 80.17% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James reiterated an "outperform" rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price target on shares of 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 target on shares of 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 raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. One equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $51.50.

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Glacier Bancorp Stock Performance

NASDAQ:GBCI traded down $1.28 during mid-day trading on Tuesday, reaching $44.23. The company's stock had a trading volume of 1,018,887 shares, compared to its average volume of 583,441. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market cap of $5.02 billion, a P/E ratio of 26.49 and a beta of 0.77. The firm's fifty day moving average price is $49.40 and its two-hundred day moving average price is $49.99. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67.

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.