Intech Investment Management LLC Purchases 33,060 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Intech Investment Management LLC raised its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 132.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,991 shares of the bank’s stock after acquiring an additional 33,060 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Glacier Bancorp worth $2,912,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GBCI. Madison Investment Advisors LLC bought a new position in Glacier Bancorp in the fourth quarter valued at about $47,770,000. Raymond James Financial Inc. bought a new position in shares of Glacier Bancorp in the fourth quarter worth about $9,544,000. Fisher Asset Management LLC raised its stake in shares of 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 during the period. Pier Capital LLC bought a new position in shares of Glacier Bancorp in the third quarter worth about $7,443,000. Finally, Royce & Associates LP raised its stake in shares of 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 during the period. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GBCI shares. Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. 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 increased their target price on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Performance

NASDAQ:GBCI opened at $45.33 on Thursday. The stock has a market capitalization of $5.14 billion, a P/E ratio of 27.15 and a beta of 0.77. The stock has a 50-day moving average price of $48.67 and a 200 day moving average price of $49.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67.

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.