VisionPoint Advisory Group LLC Purchases New Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI)

VisionPoint Advisory Group LLC purchased a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,266 shares of the bank’s stock, valued at approximately $63,000.

Several other institutional investors have also added to or reduced their stakes in the company. Allied Investment Advisors LLC boosted its stake in Glacier Bancorp by 3.4% in the 4th quarter. Allied Investment Advisors LLC now owns 15,331 shares of the bank’s stock valued at $770,000 after purchasing an additional 500 shares during the period. Venturi Wealth Management LLC boosted its stake in Glacier Bancorp by 45.7% in the 4th quarter. Venturi Wealth Management LLC now owns 4,365 shares of the bank’s stock valued at $219,000 after purchasing an additional 1,370 shares during the period. Truist Financial Corp lifted its position in shares of Glacier Bancorp by 0.5% during the 4th quarter. Truist Financial Corp now owns 79,073 shares of the bank’s stock valued at $3,971,000 after acquiring an additional 388 shares during the period. Nkcfo LLC bought a new stake in shares of Glacier Bancorp during the 4th quarter valued at $452,000. Finally, Rhumbline Advisers lifted its position in shares of Glacier Bancorp by 0.5% during the 4th quarter. Rhumbline Advisers now owns 388,660 shares of the bank’s stock valued at $19,518,000 after acquiring an additional 2,053 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $47.48 on Friday. 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 52 week low of $34.35 and a 52 week high of $60.67. The stock has a market capitalization of $5.38 billion, a P/E ratio of 28.43 and a beta of 0.80. The stock has a fifty day moving average of $50.40 and a 200-day moving average of $49.49.

Analyst Upgrades and Downgrades

GBCI has been the subject of a number of recent analyst reports. Piper Sandler cut their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Raymond James reiterated an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens upgraded Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Finally, Truist Financial upped their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One 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 company presently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Company 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.