Natixis Advisors LLC Boosts Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Natixis Advisors LLC grew its position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 367,184 shares of the bank's stock after buying an additional 36,063 shares during the quarter. Natixis Advisors LLC owned 0.32% of Glacier Bancorp worth $18,440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GBCI. Madison Investment Advisors LLC purchased a new stake in Glacier Bancorp in the fourth quarter worth about $47,770,000. Raymond James Financial Inc. bought a new stake in shares of Glacier Bancorp in the 4th quarter valued at about $9,544,000. Fisher Asset Management LLC lifted its position in shares of Glacier Bancorp by 19.9% in the 4th quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank's stock worth $49,419,000 after purchasing an additional 163,061 shares during the period. Pier Capital LLC bought a new position in shares of Glacier Bancorp during the third quarter valued at approximately $7,443,000. Finally, Barclays PLC increased its holdings in Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after buying an additional 98,158 shares during the period. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Down 0.4 %

NASDAQ GBCI traded down $0.19 during trading on Friday, hitting $44.32. The company's stock had a trading volume of 1,840,949 shares, compared to its average volume of 580,543. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The company has a market cap of $5.03 billion, a PE ratio of 26.54 and a beta of 0.77. 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 business's 50 day simple moving average is $48.51 and its 200-day simple moving average is $49.81.

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Analyst Upgrades and Downgrades

A number of research firms have weighed in on GBCI. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods upped their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler cut their target price on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.