Los Angeles Capital Management LLC Purchases New Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Los Angeles Capital Management LLC acquired a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,776 shares of the bank's stock, valued at approximately $742,000.

A number of other institutional investors have also recently made changes to their positions in GBCI. Mather Group LLC. increased its position in Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after buying an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at about $63,000. Venturi Wealth Management LLC increased its holdings in shares of Glacier Bancorp by 44.8% during 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 in the last quarter. GAMMA Investing LLC raised its position 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 valued at $153,000 after purchasing an additional 526 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new stake in Glacier Bancorp in the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James restated an "outperform" rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday. Piper Sandler lowered their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $51.50.

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Glacier Bancorp Stock Performance

Shares of GBCI traded down $0.62 during mid-day trading on Thursday, reaching $45.45. The company had a trading volume of 189,303 shares, compared to its average volume of 578,351. The stock has a market capitalization of $5.15 billion, a P/E ratio of 27.20 and a beta of 0.77. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The stock has a 50 day moving average of $49.68 and a two-hundred day moving average of $49.91. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

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.