Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 132.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,991 shares of the bank's stock after buying an additional 33,060 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Glacier Bancorp worth $2,912,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. 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 worth $11,321,000 after acquiring an additional 98,158 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock valued at $132,662,000 after purchasing an additional 41,160 shares in the last quarter. LMR Partners LLP bought a new position in shares of Glacier Bancorp during the third quarter valued at approximately $543,000. BNP Paribas Financial Markets increased its holdings in Glacier Bancorp by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank's stock valued at $2,111,000 after buying an additional 19,814 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Glacier Bancorp in the fourth quarter worth approximately $716,000. Hedge funds and other institutional investors own 80.17% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GBCI shares. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lifted their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Raymond James reissued an "outperform" rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Piper Sandler lowered 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $51.50.

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Glacier Bancorp Stock Up 3.2 %

Shares of GBCI traded up $1.42 during mid-day trading on Monday, hitting $45.72. 666,076 shares of the company traded hands, compared to its average volume of 581,184. The business has a 50 day moving average of $48.51 and a 200 day moving average of $49.87. The company has a market capitalization of $5.19 billion, a PE ratio of 27.38 and a beta of 0.77. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year 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.