5,596 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,596 shares of the bank's stock, valued at approximately $281,000.

A number of other institutional investors also recently bought and sold shares of GBCI. Mather Group LLC. lifted its holdings in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank's stock valued at $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Glacier Bancorp in the 4th quarter valued at about $63,000. Venturi Wealth Management LLC lifted its holdings in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank's stock valued at $137,000 after purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock valued at $153,000 after purchasing an additional 526 shares during the last quarter. Finally, Wolverine Trading LLC purchased a new stake in shares of Glacier Bancorp in the 3rd quarter valued at about $205,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Remove Ads

Glacier Bancorp Stock Performance

NASDAQ GBCI traded up $0.71 on Friday, hitting $46.25. 695,155 shares of the company's stock were exchanged, compared to its average volume of 580,647. 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 firm's 50-day moving average price is $49.49 and its two-hundred day moving average price is $49.89. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 27.70 and a beta of 0.77.

Glacier Bancorp 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.