Victory Capital Management Inc. Has $62.66 Million Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Victory Capital Management Inc. reduced its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,247,785 shares of the bank's stock after selling 286,882 shares during the quarter. Victory Capital Management Inc. owned 1.10% of Glacier Bancorp worth $62,664,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GBCI. Geode Capital Management LLC raised its position in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank's stock valued at $132,662,000 after buying an additional 41,160 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank's stock valued at $77,435,000 after acquiring an additional 280,255 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Glacier Bancorp by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank's stock worth $74,402,000 after acquiring an additional 49,006 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Glacier Bancorp by 4.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank's stock worth $59,988,000 after acquiring an additional 52,566 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Glacier Bancorp by 19.9% during the 4th 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. 80.17% of the stock is owned by institutional investors.

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Analyst Ratings Changes

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

Glacier Bancorp Price Performance

Shares of GBCI traded down $1.28 during mid-day trading on Tuesday, hitting $44.23. 1,018,887 shares of the company traded hands, compared to its average volume of 583,441. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 26.49 and a beta of 0.77. The business has a 50-day moving average of $49.40 and a 200 day moving average of $49.99. Glacier Bancorp, Inc. has a one year low of $34.35 and a one year high of $60.67.

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.