Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,533 shares of the bank’s stock after buying an additional 578 shares during the quarter. Jones Financial Companies Lllp’s holdings in Glacier Bancorp were worth $177,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mather Group LLC. raised its position in shares of Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after buying an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in Glacier Bancorp during the 4th quarter valued at about $63,000. Smartleaf Asset Management LLC grew its stake in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after acquiring an additional 431 shares in the last quarter. GAMMA Investing LLC lifted its stake in Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after purchasing an additional 526 shares in the last quarter. Finally, Wolverine Trading LLC acquired a new position in shares of Glacier Bancorp during the 3rd quarter worth approximately $205,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Performance

NASDAQ GBCI opened at $44.95 on Friday. The stock has a fifty day simple moving average of $48.94 and a 200-day simple moving average of $49.88. 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 cap of $5.10 billion, a PE ratio of 26.92 and a beta of 0.77. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Finally, Piper Sandler dropped their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. 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’s stock. Based on data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and a consensus target price 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.