Thrivent Financial for Lutherans Reduces Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Thrivent Financial for Lutherans trimmed its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,685,466 shares of the bank's stock after selling 8,943 shares during the quarter. Thrivent Financial for Lutherans owned about 1.49% of Glacier Bancorp worth $84,644,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Glacier Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock worth $132,662,000 after purchasing an additional 41,160 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Glacier Bancorp by 3.1% in 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 period. Bank of New York Mellon Corp grew its holdings in 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 worth $59,988,000 after purchasing an additional 52,566 shares during the period. Fisher Asset Management LLC grew its holdings in Glacier Bancorp by 19.9% in 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 during the period. Finally, Madison Investment Advisors LLC bought a new position in shares of Glacier Bancorp in the fourth quarter valued at $47,770,000. 80.17% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Stephens raised shares of Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have issued 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.com, the stock currently has an average rating of "Hold" and a consensus price target of $51.50.

Glacier Bancorp Stock Down 0.4 %

Glacier Bancorp stock traded down $0.19 during midday trading on Friday, hitting $44.32. 1,840,949 shares of the stock were exchanged, compared to its average volume of 580,844. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 26.54 and a beta of 0.77. The business's 50-day moving average price is $48.51 and its 200-day moving average price is $49.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

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.