GW&K Investment Management LLC Sells 151,990 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

GW&K Investment Management LLC cut its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,188,752 shares of the bank's stock after selling 151,990 shares during the period. GW&K Investment Management LLC owned approximately 1.05% of Glacier Bancorp worth $59,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp in the 4th quarter valued at approximately $63,000. Venturi Wealth Management LLC lifted its stake in Glacier Bancorp by 44.8% in the 3rd 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 in the last quarter. GAMMA Investing LLC boosted its position in Glacier Bancorp by 20.9% during 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. grew 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 acquiring an additional 2,579 shares in the last quarter. Institutional investors own 80.17% of the company's stock.

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Glacier Bancorp Stock Performance

GBCI stock traded down $1.85 during trading hours on Tuesday, reaching $46.20. The stock had a trading volume of 1,021,773 shares, compared to its average volume of 578,267. The stock has a 50-day simple moving average of $49.88 and a 200 day simple moving average of $49.92. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The stock has a market capitalization of $5.24 billion, a PE ratio of 27.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on GBCI shares. Piper Sandler cut 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 shares of Glacier Bancorp from an "equal weight" rating to an "overweight" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.