Thrivent Financial for Lutherans Trims Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Thrivent Financial for Lutherans lessened its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,685,466 shares of the bank’s stock after selling 8,943 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Glacier Bancorp were worth $84,644,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of GBCI. Madison Investment Advisors LLC purchased a new stake in Glacier Bancorp during the fourth quarter valued at $47,770,000. Raymond James Financial Inc. purchased a new stake in Glacier Bancorp in the fourth quarter worth about $9,544,000. Fisher Asset Management LLC increased its position in Glacier Bancorp by 19.9% in the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock worth $49,419,000 after buying an additional 163,061 shares in the last quarter. Pier Capital LLC purchased a new stake in Glacier Bancorp in the third quarter worth about $7,443,000. Finally, Royce & Associates LP increased its position in Glacier Bancorp by 98.0% in the fourth quarter. Royce & Associates LP now owns 243,024 shares of the bank’s stock worth $12,205,000 after buying an additional 120,267 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.0 %

Shares of GBCI stock opened at $44.93 on Wednesday. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $48.74 and its two-hundred day simple moving average is $49.90. The company has a market cap of $5.10 billion, a PE ratio of 26.90 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GBCI shares. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods upped their price objective 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. Piper Sandler dropped their price objective 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. Finally, Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat.com, Glacier Bancorp has an average rating of “Hold” and a consensus price target 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.