Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Bought by Blue Trust Inc.

Blue Trust Inc. lifted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 148.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,316 shares of the bank’s stock after purchasing an additional 2,579 shares during the quarter. Blue Trust Inc.’s holdings in Glacier Bancorp were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock worth $77,435,000 after buying an additional 280,255 shares in the last quarter. Pier Capital LLC purchased a new position in Glacier Bancorp in the 3rd quarter valued at about $7,443,000. Barclays PLC lifted its holdings in Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after purchasing an additional 98,158 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Glacier Bancorp by 30.9% in the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock valued at $15,132,000 after purchasing an additional 78,107 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Glacier Bancorp by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank’s stock worth $74,402,000 after acquiring an additional 49,006 shares during the period. 80.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GBCI has been the topic of several recent analyst reports. Truist Financial increased their price objective on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Piper Sandler dropped their target price 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. 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 increased 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 report 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 report on Wednesday, January 15th. One equities 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. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Stock Performance

Glacier Bancorp stock opened at $50.08 on Thursday. The stock has a market cap of $5.68 billion, a P/E ratio of 29.99 and a beta of 0.80. 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 50 day moving average of $50.64 and a 200-day moving average of $49.49. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67.

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.