King Luther Capital Management Corp Sells 1,089 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

King Luther Capital Management Corp decreased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 102,691 shares of the bank’s stock after selling 1,089 shares during the quarter. King Luther Capital Management Corp owned 0.09% of Glacier Bancorp worth $5,157,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Arizona State Retirement System increased its holdings in shares of Glacier Bancorp by 0.8% during the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank’s stock worth $1,653,000 after purchasing an additional 259 shares during the period. Financial Advocates Investment Management increased its holdings in shares of Glacier Bancorp by 1.9% during 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 during the period. Pacer Advisors Inc. increased its holdings in shares of Glacier Bancorp by 1.6% during 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 during the period. Mather Group LLC. boosted its position in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after acquiring an additional 362 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Glacier Bancorp by 0.5% during the 4th quarter. Truist Financial Corp now owns 79,073 shares of the bank’s stock valued at $3,971,000 after acquiring an additional 388 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on GBCI shares. Piper Sandler decreased their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price 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 set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Price Performance

NASDAQ:GBCI opened at $44.23 on Thursday. The firm has a market cap of $5.02 billion, a PE ratio of 26.49 and a beta of 0.77. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $49.16 and its two-hundred day moving average price is $49.94.

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.