Securian Asset Management Inc. Has $430,000 Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Securian Asset Management Inc. decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 8,572 shares of the bank’s stock after selling 245 shares during the period. Securian Asset Management Inc.’s holdings in Glacier Bancorp were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GBCI. Mather Group LLC. raised its position in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in Glacier Bancorp in the 4th quarter valued at approximately $63,000. Smartleaf Asset Management LLC boosted its position in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after buying an additional 431 shares during the period. GAMMA Investing LLC boosted its position in Glacier Bancorp by 20.9% during the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after buying an additional 526 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in Glacier Bancorp by 19.6% during the 4th quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after acquiring an additional 578 shares during the last quarter. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

GBCI has been the topic of a number of recent research reports. Piper Sandler cut 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. Stephens raised 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 issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Finally, Keefe, Bruyette & Woods lifted 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Performance

GBCI stock opened at $44.95 on Tuesday. The firm has a market cap of $5.10 billion, a PE ratio of 26.92 and a beta of 0.77. 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 50-day moving average price of $48.84 and a 200-day moving average price of $49.92. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67.

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.