Royce & Associates LP increased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 98.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,024 shares of the bank's stock after purchasing an additional 120,267 shares during the period. Royce & Associates LP owned 0.21% of Glacier Bancorp worth $12,205,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Madison Investment Advisors LLC purchased a new position in shares of Glacier Bancorp in the 4th quarter valued at about $47,770,000. Thrivent Financial for Lutherans boosted its holdings in Glacier Bancorp by 19.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock valued at $77,435,000 after purchasing an additional 280,255 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Glacier Bancorp in the fourth quarter valued at approximately $9,544,000. Fisher Asset Management LLC raised its holdings in Glacier Bancorp by 19.9% during the fourth 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 in the last quarter. Finally, Pier Capital LLC acquired a new stake in Glacier Bancorp during the third quarter worth approximately $7,443,000. Hedge funds and other institutional investors own 80.17% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Raymond James reaffirmed an "outperform" rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the stock a "market perform" rating in a report 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 report on Monday, January 27th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $51.50.
View Our Latest Stock Analysis on GBCI
Glacier Bancorp Stock Performance
Shares of NASDAQ GBCI traded down $0.19 during mid-day trading on Friday, hitting $44.32. 1,840,949 shares of the company were exchanged, compared to its average volume of 580,590. The stock has a 50 day simple moving average of $48.58 and a 200-day simple moving average of $49.83. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 26.54 and a beta of 0.77.
Glacier Bancorp Profile
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Free Report)
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.
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