Moors & Cabot Inc. Purchases 923 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Moors & Cabot Inc. increased its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 3.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 27,894 shares of the bank’s stock after buying an additional 923 shares during the period. Moors & Cabot Inc.’s holdings in Glacier Bancorp were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans boosted its holdings in shares of 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 buying an additional 280,255 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Glacier Bancorp in the fourth quarter worth about $9,544,000. Fisher Asset Management LLC boosted its stake in Glacier Bancorp by 19.9% in the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock valued at $49,419,000 after acquiring an additional 163,061 shares during the last quarter. Pier Capital LLC purchased a new position in Glacier Bancorp in the third quarter valued at about $7,443,000. Finally, Barclays PLC grew its position in shares of Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock valued at $11,321,000 after acquiring an additional 98,158 shares during the period. 80.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GBCI has been the topic of a number of research reports. Raymond James reaffirmed an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods increased their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Piper Sandler lowered their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Glacier Bancorp has an average rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Trading Down 0.5 %

NASDAQ:GBCI opened at $44.01 on Friday. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. The stock’s fifty day moving average price is $49.05 and its two-hundred day moving average price is $49.89. 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 company has a market cap of $4.99 billion, a P/E ratio of 26.35 and a beta of 0.77.

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.