Cibc World Markets Corp Takes $535,000 Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Cibc World Markets Corp acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,662 shares of the bank's stock, valued at approximately $535,000.

Several other institutional investors also recently modified their holdings of GBCI. Mather Group LLC. increased its stake in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock worth $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC acquired a new position in Glacier Bancorp during the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC boosted its stake in 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 buying an additional 431 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock valued at $153,000 after purchasing an additional 526 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Glacier Bancorp by 19.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock worth $177,000 after buying an additional 578 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Price Performance

Shares of GBCI stock traded up $0.05 during trading hours on Wednesday, hitting $45.29. 594,366 shares of the company's stock were exchanged, compared to its average volume of 582,218. The company has a market capitalization of $5.14 billion, a PE ratio of 27.12 and a beta of 0.77. The business's 50 day simple moving average is $48.35 and its 200-day simple moving average is $49.89. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63.

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Analysts Set New Price Targets

Several equities analysts have issued reports on GBCI shares. Keefe, Bruyette & Woods upped their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Raymond James reiterated an "outperform" rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Piper Sandler reduced their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $51.50.

Glacier Bancorp Company Profile

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.