Y Intercept Hong Kong Ltd Takes Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Y Intercept Hong Kong Ltd purchased a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,596 shares of the bank’s stock, valued at approximately $281,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. grew its stake in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after buying an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in Glacier Bancorp during the 4th quarter worth $63,000. Venturi Wealth Management LLC increased its holdings in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares in the last quarter. GAMMA Investing LLC raised its position in Glacier Bancorp by 20.9% in the fourth 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 acquired a new stake in shares of Glacier Bancorp during the third quarter valued at about $205,000. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Trading Down 3.9 %

NASDAQ GBCI opened at $46.20 on Wednesday. The stock’s 50 day moving average is $49.78 and its 200 day moving average is $49.94. 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 capitalization of $5.24 billion, a PE ratio of 27.66 and a beta of 0.80. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67.

Analysts Set New Price Targets

A number of equities research analysts have commented on GBCI shares. Raymond James reiterated an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods boosted their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Piper Sandler decreased their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.50.

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.