Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,303 shares of the bank’s stock after selling 13,620 shares during the period. D.A. Davidson & CO.’s holdings in Glacier Bancorp were worth $7,146,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of GBCI. Mather Group LLC. boosted 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 purchasing an additional 362 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Glacier Bancorp by 44.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after purchasing an additional 927 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after purchasing an additional 526 shares in the last quarter. Wolverine Trading LLC acquired a new stake in shares of Glacier Bancorp in the 3rd quarter valued at $205,000. Finally, Blue Trust Inc. raised its holdings in shares of Glacier Bancorp by 148.5% in the 4th quarter. Blue Trust Inc. now owns 4,316 shares of the bank’s stock valued at $217,000 after purchasing an additional 2,579 shares in the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.7 %

Shares of Glacier Bancorp stock opened at $50.08 on Thursday. 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 quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $5.68 billion, a P/E ratio of 29.99 and a beta of 0.80. The company’s fifty day moving average is $50.64 and its two-hundred day moving average is $49.49.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a 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 stock a “market perform” rating in a research note on Wednesday, December 4th. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Stephens upgraded shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 7th. Finally, Truist Financial lifted their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Profile

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.