Venturi Wealth Management LLC Has $219,000 Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Venturi Wealth Management LLC lifted its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 45.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,365 shares of the bank’s stock after buying an additional 1,370 shares during the period. Venturi Wealth Management LLC’s holdings in Glacier Bancorp were worth $219,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GBCI. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% during the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after buying an additional 362 shares during the period. GAMMA Investing LLC grew its position in shares of 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. Wolverine Trading LLC acquired a new stake in shares of Glacier Bancorp during the 3rd quarter worth approximately $205,000. Blue Trust Inc. grew its position in shares of Glacier Bancorp by 148.5% during the 4th quarter. Blue Trust Inc. now owns 4,316 shares of the bank’s stock worth $217,000 after buying an additional 2,579 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in shares of Glacier Bancorp during the 3rd quarter worth approximately $250,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of NASDAQ:GBCI opened at $47.48 on Friday. 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’s fifty day simple moving average is $50.40 and its two-hundred day simple moving average is $49.49. Glacier Bancorp, Inc. has a 1-year low of $34.35 and a 1-year high of $60.67. The stock has a market cap of $5.38 billion, a PE ratio of 28.43 and a beta of 0.80.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Piper Sandler reduced their price target on shares of 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 lifted their price target on shares of 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 reissued an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Truist Financial lifted their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and a consensus target price 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.