Silver Oak Advisory Group Inc. Lowers Stock Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Silver Oak Advisory Group Inc. trimmed its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 34.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,591 shares of the bank's stock after selling 5,584 shares during the quarter. Silver Oak Advisory Group Inc.'s holdings in Glacier Bancorp were worth $531,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GBCI. Thrivent Financial for Lutherans raised its position in shares of Glacier Bancorp by 19.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock valued at $77,435,000 after buying an additional 280,255 shares in the last quarter. Raymond James Financial Inc. bought a new position in Glacier Bancorp during the 4th quarter valued at about $9,544,000. Fisher Asset Management LLC grew its holdings in Glacier Bancorp by 19.9% during the 4th quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank's stock valued at $49,419,000 after purchasing an additional 163,061 shares during the last quarter. Pier Capital LLC bought a new position in Glacier Bancorp during the 3rd quarter valued at about $7,443,000. Finally, Barclays PLC grew its holdings in Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after purchasing an additional 98,158 shares during the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on GBCI. 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 report on Wednesday, December 4th. Raymond James reiterated an "outperform" rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler cut 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 upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $51.50.

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Glacier Bancorp Trading Down 0.5 %

GBCI stock traded down $0.22 during mid-day trading on Thursday, reaching $44.01. The company had a trading volume of 824,305 shares, compared to its average volume of 585,256. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.99 billion, a PE ratio of 26.35 and a beta of 0.77. The firm has a 50 day moving average of $49.05 and a 200 day moving average of $49.89. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67.

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.