Intech Investment Management LLC Increases Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Intech Investment Management LLC lifted its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 132.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,991 shares of the bank’s stock after purchasing an additional 33,060 shares during the quarter. Intech Investment Management LLC’s holdings in Glacier Bancorp were worth $2,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings 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 worth $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC purchased a new position in shares of Glacier Bancorp in the 4th quarter worth approximately $63,000. Smartleaf Asset Management LLC boosted its holdings in shares of Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after purchasing an additional 431 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 526 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Glacier Bancorp by 19.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after purchasing an additional 578 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 0.8 %

Shares of NASDAQ GBCI opened at $45.33 on Thursday. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The business has a fifty day simple moving average of $48.67 and a two-hundred day simple moving average of $49.87. 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 firm has a market cap of $5.14 billion, a PE ratio of 27.15 and a beta of 0.77.

Analyst Ratings Changes

A number of brokerages have recently commented on GBCI. Raymond James reiterated an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler decreased their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently 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.