Charles Schwab Investment Management Inc. Cuts Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Charles Schwab Investment Management Inc. lessened its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,612,602 shares of the bank’s stock after selling 15,453 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.42% of Glacier Bancorp worth $80,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GBCI. QRG Capital Management Inc. grew its stake in Glacier Bancorp by 20.7% in the 3rd quarter. QRG Capital Management Inc. now owns 7,668 shares of the bank’s stock worth $350,000 after buying an additional 1,316 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Glacier Bancorp by 17.8% in the 3rd quarter. Atria Investments Inc now owns 14,643 shares of the bank’s stock valued at $669,000 after purchasing an additional 2,214 shares in the last quarter. Venturi Wealth Management LLC boosted its stake 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 in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Glacier Bancorp by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,534,667 shares of the bank’s stock valued at $70,134,000 after purchasing an additional 6,394 shares in the last quarter. Finally, OneDigital Investment Advisors LLC purchased a new stake in shares of Glacier Bancorp in the 3rd quarter valued at $252,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 1.3 %

NASDAQ:GBCI opened at $45.66 on Tuesday. The company has a fifty day moving average of $49.40 and a 200 day moving average of $49.99. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. 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 $5.18 billion, a P/E ratio of 27.34 and a beta of 0.77.

Analyst Upgrades and Downgrades

GBCI has been the subject of a number of research reports. Stephens raised shares of 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 shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods upped 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 previously 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.