Swiss National Bank Purchases 1,600 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Swiss National Bank lifted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 223,021 shares of the bank’s stock after acquiring an additional 1,600 shares during the period. Swiss National Bank’s holdings in Glacier Bancorp were worth $11,200,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. bought a new position in shares of Glacier Bancorp in the fourth quarter worth approximately $222,000. HighTower Advisors LLC raised its holdings in shares of Glacier Bancorp by 143.2% during the fourth quarter. HighTower Advisors LLC now owns 14,307 shares of the bank’s stock valued at $718,000 after purchasing an additional 8,425 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of Glacier Bancorp by 3.4% during the fourth quarter. Moors & Cabot Inc. now owns 27,894 shares of the bank’s stock valued at $1,401,000 after purchasing an additional 923 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Glacier Bancorp by 12.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,173 shares of the bank’s stock valued at $1,465,000 after purchasing an additional 3,117 shares during the last quarter. Finally, Babb Wealth Advisors LLC purchased a new position in shares of Glacier Bancorp during the fourth quarter valued at approximately $2,479,000. Institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Down 1.9 %

Shares of GBCI stock opened at $44.49 on Friday. The company has a 50 day simple moving average of $48.58 and a two-hundred day simple moving average of $49.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market cap of $5.05 billion, a P/E ratio of 26.64 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.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GBCI shares. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Raymond James reissued an “outperform” rating and set a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Piper Sandler reduced their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.