Royce & Associates LP Raises Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Royce & Associates LP boosted its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 98.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 243,024 shares of the bank’s stock after buying an additional 120,267 shares during the period. Royce & Associates LP’s holdings in Glacier Bancorp were worth $12,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of GBCI. Atria Investments Inc boosted its position in Glacier Bancorp by 17.8% in the 3rd quarter. Atria Investments Inc now owns 14,643 shares of the bank’s stock worth $669,000 after purchasing an additional 2,214 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Glacier Bancorp in the 3rd quarter worth approximately $252,000. Natixis Advisors LLC boosted its position in Glacier Bancorp by 30.9% in the 3rd quarter. Natixis Advisors LLC now owns 331,121 shares of the bank’s stock worth $15,132,000 after purchasing an additional 78,107 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Glacier Bancorp by 19.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock worth $77,435,000 after purchasing an additional 280,255 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in Glacier Bancorp in the 3rd quarter worth approximately $543,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Up 0.0 %

Shares of NASDAQ:GBCI opened at $44.95 on Tuesday. The business’s 50 day moving average price is $48.84 and its 200-day moving average price is $49.92. 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 firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 26.92 and a beta of 0.77.

Wall Street Analyst Weigh In

GBCI has been the topic of several recent research reports. Raymond James restated an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods increased 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. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, Piper Sandler decreased their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.50.

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.