GW&K Investment Management LLC Lowers Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

GW&K Investment Management LLC lessened its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 11.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,188,752 shares of the bank’s stock after selling 151,990 shares during the quarter. GW&K Investment Management LLC’s holdings in Glacier Bancorp were worth $59,699,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GBCI. Thrivent Financial for Lutherans grew its stake in Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock worth $77,435,000 after acquiring an additional 280,255 shares in the last quarter. Pier Capital LLC purchased a new stake in shares of Glacier Bancorp in the third quarter valued at approximately $7,443,000. Barclays PLC grew its stake in Glacier Bancorp by 65.6% in the third quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after purchasing an additional 98,158 shares in the last quarter. Natixis Advisors LLC increased its holdings in Glacier Bancorp by 30.9% during the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after purchasing an additional 78,107 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Glacier Bancorp by 4.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock worth $59,988,000 after purchasing an additional 52,566 shares during the period. Institutional investors own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. 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. Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 7th. Piper Sandler cut 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Trading Up 0.8 %

Shares of NASDAQ GBCI opened at $48.61 on Friday. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. The business has a fifty day moving average price of $49.96 and a 200 day moving average price of $49.72. The stock has a market capitalization of $5.51 billion, a P/E ratio of 29.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81.

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.