Raymond James Financial Inc. Makes New Investment in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Raymond James Financial Inc. acquired a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 190,042 shares of the bank's stock, valued at approximately $9,544,000. Raymond James Financial Inc. owned about 0.17% of Glacier Bancorp at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mather Group LLC. raised its position in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after buying an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in Glacier Bancorp during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC lifted its stake in Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank's stock worth $144,000 after purchasing an additional 431 shares in the last quarter. GAMMA Investing LLC lifted its stake in Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock worth $153,000 after purchasing an additional 526 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Glacier Bancorp by 19.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank's stock worth $177,000 after purchasing an additional 578 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Raymond James reissued an "outperform" rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Piper Sandler dropped their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. One investment 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 currently has an average rating of "Hold" and a consensus price target of $51.50.

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Glacier Bancorp Trading Down 0.9 %

Shares of Glacier Bancorp stock traded down $0.42 during trading hours on Tuesday, hitting $45.27. The company's stock had a trading volume of 642,587 shares, compared to its average volume of 581,154. The stock has a market cap of $5.14 billion, a price-to-earnings ratio of 27.11 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The firm has a fifty day moving average of $48.46 and a 200-day moving average of $49.87.

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.