Proficio Capital Partners LLC Takes $716,000 Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Proficio Capital Partners LLC bought a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,262 shares of the bank's stock, valued at approximately $716,000.

Several other large investors have also modified their holdings of the stock. Fisher Asset Management LLC boosted 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 valued at $49,419,000 after purchasing an additional 163,061 shares during the period. Pier Capital LLC purchased a new position in shares of Glacier Bancorp during the third quarter worth about $7,443,000. Barclays PLC grew its stake in shares of Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after purchasing an additional 98,158 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Glacier Bancorp by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank's stock valued at $59,988,000 after purchasing an additional 52,566 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Glacier Bancorp by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank's stock worth $74,402,000 after purchasing an additional 49,006 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler reduced their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target 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. Raymond James reiterated an "outperform" rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Stephens upgraded shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Glacier Bancorp has a consensus rating of "Hold" and a consensus target price of $51.50.

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Glacier Bancorp Stock Up 0.1 %

GBCI traded up $0.05 during trading on Wednesday, hitting $45.29. The company had a trading volume of 594,366 shares, compared to its average volume of 582,218. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. 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 company has a market cap of $5.14 billion, a PE ratio of 27.12 and a beta of 0.77. The business has a 50-day moving average of $48.35 and a 200-day moving average of $49.89.

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.