Rhumbline Advisers Acquires 2,053 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Rhumbline Advisers grew its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 388,660 shares of the bank’s stock after buying an additional 2,053 shares during the period. Rhumbline Advisers owned approximately 0.34% of Glacier Bancorp worth $19,518,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Advocates Investment Management lifted its holdings in shares of Glacier Bancorp by 1.9% in the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock worth $817,000 after purchasing an additional 311 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Glacier Bancorp by 1.6% in the 4th quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock worth $1,121,000 after purchasing an additional 350 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares in the last quarter. Cladis Investment Advisory LLC lifted its holdings in shares of Glacier Bancorp by 1.6% in the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after purchasing an additional 500 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Glacier Bancorp by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock worth $277,000 after purchasing an additional 507 shares in the last quarter. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Down 1.5 %

GBCI stock opened at $49.35 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 29.55 and a beta of 0.80. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The stock has a fifty day moving average of $50.52 and a 200-day moving average of $49.49.

Wall Street Analyst Weigh In

GBCI has been the topic of a number of recent research reports. Piper Sandler cut their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Raymond James reissued an “outperform” rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens raised Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Truist Financial increased their price target on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, 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 research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and a consensus target price of $51.50.

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.