14,262 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 14,262 shares of the bank’s stock, valued at approximately $716,000.

Other large investors also recently modified their holdings of the company. Mather Group LLC. lifted its stake in Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new position in Glacier Bancorp during the 4th quarter valued at about $63,000. Venturi Wealth Management LLC grew its holdings in Glacier Bancorp by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after buying an additional 927 shares in the last quarter. GAMMA Investing LLC grew its holdings in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after buying an additional 526 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in Glacier Bancorp during the 3rd quarter valued at about $205,000. 80.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GBCI has been the subject of a number of recent analyst reports. Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Raymond James restated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods boosted 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. Finally, Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Price Performance

GBCI opened at $46.25 on Friday. The stock has a market capitalization of $5.25 billion, a PE ratio of 27.70 and a beta of 0.77. The stock’s 50 day moving average price is $49.49 and its 200-day moving average price is $49.94. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

About Glacier Bancorp

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.