14,776 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 14,776 shares of the bank’s stock, valued at approximately $742,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GBCI. Financial Advocates Investment Management lifted its stake 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 valued at $817,000 after purchasing an additional 311 shares during the period. Pacer Advisors Inc. increased its holdings in Glacier Bancorp by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock valued at $1,121,000 after purchasing an additional 350 shares during the last quarter. Mather Group LLC. lifted its stake in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after buying an additional 362 shares during the period. Truist Financial Corp boosted its holdings in Glacier Bancorp by 0.5% during the fourth quarter. Truist Financial Corp now owns 79,073 shares of the bank’s stock worth $3,971,000 after buying an additional 388 shares during the last quarter. Finally, Cladis Investment Advisory LLC grew its position in shares of Glacier Bancorp by 1.6% during the 3rd quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after buying an additional 500 shares during the period. 80.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stephens upgraded shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Raymond James reiterated an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Piper Sandler decreased their price target 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, Keefe, Bruyette & Woods upped 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. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Stock Performance

Shares of GBCI opened at $48.80 on Monday. The firm’s 50 day moving average price is $49.93 and its two-hundred day moving average price is $49.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The firm has a market cap of $5.53 billion, a P/E ratio of 29.22 and a beta of 0.80.

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.