Fisher Asset Management LLC Grows Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Fisher Asset Management LLC increased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 984,056 shares of the bank's stock after acquiring an additional 163,061 shares during the period. Fisher Asset Management LLC owned approximately 0.87% of Glacier Bancorp worth $49,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in shares of Glacier Bancorp by 97.6% in the 4th 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 purchased a new position in Glacier Bancorp during the fourth quarter worth $63,000. Venturi Wealth Management LLC raised its stake in shares of Glacier Bancorp by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank's stock valued at $137,000 after acquiring an additional 927 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock worth $153,000 after acquiring an additional 526 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Glacier Bancorp by 148.5% during the 4th quarter. Blue Trust Inc. now owns 4,316 shares of the bank's stock worth $217,000 after purchasing an additional 2,579 shares during the period. Hedge funds and other institutional investors own 80.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Stephens raised Glacier Bancorp from an "equal weight" rating to an "overweight" rating in a research note on Friday, February 7th. Raymond James reaffirmed an "outperform" rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Glacier Bancorp currently has a consensus rating of "Hold" and an average price target of $51.50.

Glacier Bancorp Stock Down 1.6 %

GBCI stock traded down $0.78 during trading on Monday, hitting $48.06. 611,767 shares of the company's stock traded hands, compared to its average volume of 576,498. The firm has a market capitalization of $5.45 billion, a P/E ratio of 28.78 and a beta of 0.80. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. 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 fifty day simple moving average of $49.93 and a two-hundred day simple moving average of $49.88.

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.