US Bancorp DE Purchases 2,337 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

US Bancorp DE lifted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 17.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,792 shares of the bank’s stock after buying an additional 2,337 shares during the quarter. US Bancorp DE’s holdings in Glacier Bancorp were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of GBCI. Mather Group LLC. grew its position in 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 period. VisionPoint Advisory Group LLC bought a new stake in shares of Glacier Bancorp during the 4th quarter worth $63,000. Venturi Wealth Management LLC raised its stake in shares of Glacier Bancorp by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the period. GAMMA Investing LLC raised its stake in shares of Glacier Bancorp by 20.9% during 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 during the period. Finally, Wolverine Trading LLC bought a new stake in Glacier Bancorp in the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

GBCI has been the subject of a number of recent analyst reports. Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. 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 issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods boosted their price objective 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Down 1.3 %

NASDAQ GBCI opened at $45.66 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The stock’s 50 day moving average is $49.40 and its 200 day moving average is $49.99. The stock has a market cap of $5.18 billion, a PE ratio of 27.34 and a beta of 0.77.

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.