New York State Common Retirement Fund Has $7.31 Million Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

New York State Common Retirement Fund reduced its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 34.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 145,559 shares of the bank's stock after selling 78,104 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of Glacier Bancorp worth $7,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GBCI. Mather Group LLC. increased its holdings 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 purchasing an additional 362 shares during the period. Venturi Wealth Management LLC lifted 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 purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Glacier Bancorp by 20.9% in the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock worth $153,000 after acquiring an additional 526 shares in the last quarter. Wolverine Trading LLC bought a new position in Glacier Bancorp in the 3rd quarter worth about $205,000. Finally, Blue Trust Inc. grew its holdings in shares of Glacier Bancorp by 148.5% during the fourth quarter. Blue Trust Inc. now owns 4,316 shares of the bank's stock valued at $217,000 after buying an additional 2,579 shares during the last quarter. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on GBCI. Stephens raised shares of Glacier Bancorp from an "equal weight" rating to an "overweight" rating in a research report on Friday, February 7th. Piper Sandler lowered their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Raymond James reissued an "outperform" rating and set a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods raised their target price 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $51.50.

Glacier Bancorp Trading Up 0.6 %

Shares of GBCI traded up $0.28 during mid-day trading on Friday, reaching $48.80. The stock had a trading volume of 891,704 shares, compared to its average volume of 618,682. The business's fifty day moving average is $49.93 and its 200 day moving average is $49.83. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 29.22 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. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67.

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.