Tudor Investment Corp Et Al Buys 94,422 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Tudor Investment Corp Et Al raised its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report) by 536.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,033 shares of the bank’s stock after buying an additional 94,422 shares during the period. Tudor Investment Corp Et Al owned 0.10% of Glacier Bancorp worth $3,193,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Morgan Stanley increased its stake in shares of Glacier Bancorp by 13.3% in the third quarter. Morgan Stanley now owns 899,454 shares of the bank’s stock worth $25,634,000 after purchasing an additional 105,901 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Glacier Bancorp by 5.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 29,836 shares of the bank’s stock worth $850,000 after purchasing an additional 1,661 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Glacier Bancorp by 10.1% in the third quarter. The Manufacturers Life Insurance Company now owns 136,616 shares of the bank’s stock worth $3,894,000 after purchasing an additional 12,571 shares during the period. GSA Capital Partners LLP increased its stake in shares of Glacier Bancorp by 70.6% in the third quarter. GSA Capital Partners LLP now owns 87,418 shares of the bank’s stock worth $2,491,000 after purchasing an additional 36,162 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Glacier Bancorp by 7.5% in the third quarter. Royal Bank of Canada now owns 354,386 shares of the bank’s stock worth $10,099,000 after purchasing an additional 24,628 shares during the period. 76.91% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Down 0.7 %

NASDAQ GBCI opened at $40.30 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.98. The stock’s 50 day moving average is $38.73 and its two-hundred day moving average is $34.98. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 20.19 and a beta of 0.79. Glacier Bancorp, Inc. has a 1-year low of $26.77 and a 1-year high of $44.42.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. The company had revenue of $197.32 million for the quarter, compared to the consensus estimate of $198.32 million. Glacier Bancorp had a return on equity of 7.59% and a net margin of 19.63%. The company’s quarterly revenue was down 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. Equities analysts forecast that Glacier Bancorp, Inc. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Raymond James lifted their price objective on Glacier Bancorp from $36.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Truist Financial lifted their target price on Glacier Bancorp from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, January 30th. TheStreet raised Glacier Bancorp from a “c” rating to a “b-” rating in a research report on Friday, December 1st. Finally, StockNews.com raised Glacier Bancorp to a “sell” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $38.40.

View Our Latest Stock Report on Glacier Bancorp

Glacier Bancorp Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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