US Bancorp DE Raises Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

US Bancorp DE lifted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,792 shares of the bank’s stock after purchasing an additional 2,337 shares during the period. US Bancorp DE’s holdings in Glacier Bancorp were worth $793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. boosted 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 valued at $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new position in Glacier Bancorp in the 4th quarter worth $63,000. Venturi Wealth Management LLC lifted its holdings in Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after buying an additional 927 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 buying an additional 526 shares in the last quarter. Finally, Wolverine Trading LLC bought a new stake in shares of Glacier Bancorp in the 3rd quarter worth about $205,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on GBCI. Keefe, Bruyette & Woods boosted 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. Raymond James reiterated an “outperform” rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler reduced their target price 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. Finally, Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Price Performance

Shares of GBCI opened at $45.66 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $49.40 and its 200-day moving average is $49.99. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The firm has a market capitalization of $5.18 billion, a PE ratio of 27.34 and a beta of 0.77.

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.