Glacier Bancorp (NASDAQ:GBCI) Upgraded to Overweight at Stephens

Glacier Bancorp (NASDAQ:GBCI) was upgraded by equities research analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Friday,Finviz reports.

GBCI has been the topic of several other reports. Truist Financial increased their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods raised their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James reaffirmed an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Piper Sandler decreased their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Trading Up 0.3 %

Shares of GBCI opened at $50.67 on Friday. Glacier Bancorp has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The company has a market capitalization of $5.75 billion, a PE ratio of 30.34 and a beta of 0.80. The stock has a fifty day moving average of $51.70 and a two-hundred day moving average of $49.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Hedge Funds Weigh In On Glacier Bancorp

Hedge funds have recently made changes to their positions in the business. Mather Group LLC. increased its holdings in Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of Glacier Bancorp in the fourth quarter worth about $63,000. GAMMA Investing LLC grew its stake in shares of Glacier Bancorp by 60.4% in the third quarter. GAMMA Investing LLC now owns 2,516 shares of the bank’s stock valued at $115,000 after buying an additional 947 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after buying an additional 431 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Glacier Bancorp by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after acquiring an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

About Glacier Bancorp

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.