9,642 Shares in Glacier Bancorp, Inc. (NASDAQ:GBCI) Purchased by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning purchased a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCIFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,642 shares of the bank’s stock, valued at approximately $398,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in shares of Glacier Bancorp by 3.3% in the fourth quarter. Captrust Financial Advisors now owns 8,427 shares of the bank’s stock valued at $416,000 after purchasing an additional 269 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Glacier Bancorp by 2.9% in the first quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock valued at $559,000 after purchasing an additional 308 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Glacier Bancorp by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 17,010 shares of the bank’s stock valued at $530,000 after purchasing an additional 333 shares in the last quarter. Mariner LLC raised its position in shares of Glacier Bancorp by 2.9% in the first quarter. Mariner LLC now owns 13,763 shares of the bank’s stock valued at $692,000 after buying an additional 382 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of Glacier Bancorp by 2.2% in the first quarter. Synovus Financial Corp now owns 18,137 shares of the bank’s stock valued at $916,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 76.91% of the company’s stock.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $38.28 on Thursday. Glacier Bancorp, Inc. has a 52-week low of $26.77 and a 52-week high of $44.42. The firm has a fifty day moving average of $38.47 and a 200-day moving average of $35.26. The firm has a market capitalization of $4.34 billion, a P/E ratio of 18.65 and a beta of 0.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.98.

Glacier Bancorp (NASDAQ:GBCIGet Free Report) last announced its earnings results on Friday, January 26th. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. The business had revenue of $197.32 million during the quarter, compared to the consensus estimate of $198.32 million. Glacier Bancorp had a net margin of 19.63% and a return on equity of 7.59%. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. As a group, analysts predict that Glacier Bancorp, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on GBCI

Glacier Bancorp Company 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.

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

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