Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,194,495 shares of the bank's stock after acquiring an additional 52,566 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.05% of Glacier Bancorp worth $59,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Financial Advocates Investment Management grew its position in shares of Glacier Bancorp by 1.9% during the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank's stock worth $817,000 after buying an additional 311 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Glacier Bancorp by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank's stock worth $1,121,000 after buying an additional 350 shares in the last quarter. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after buying an additional 362 shares in the last quarter. Truist Financial Corp grew its position in shares of Glacier Bancorp by 0.5% during the 4th quarter. Truist Financial Corp now owns 79,073 shares of the bank's stock worth $3,971,000 after buying an additional 388 shares in the last quarter. Finally, Cladis Investment Advisory LLC grew its position in shares of Glacier Bancorp by 1.6% during the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank's stock worth $1,494,000 after buying an additional 500 shares in the last quarter. Institutional investors own 80.17% of the company's stock.

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Glacier Bancorp Stock Up 1.6 %

Glacier Bancorp stock traded up $0.71 during midday trading on Friday, reaching $46.25. The company's stock had a trading volume of 695,155 shares, compared to its average volume of 580,647. The stock's 50-day simple moving average is $49.49 and its 200-day simple moving average is $49.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The stock has a market capitalization of $5.25 billion, a P/E ratio of 27.70 and a beta of 0.77.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Raymond James restated an "outperform" rating and set a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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.