VisionPoint Advisory Group LLC Buys New Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

VisionPoint Advisory Group LLC bought a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,266 shares of the bank’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. raised its position in Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after buying an additional 362 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Glacier Bancorp by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after purchasing an additional 927 shares during the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 526 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of Glacier Bancorp during the 3rd quarter worth approximately $205,000. Finally, Blue Trust Inc. increased 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 purchasing an additional 2,579 shares during the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Stock 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. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The stock has a 50 day moving average of $50.40 and a 200-day moving average of $49.49. The company has a market capitalization of $5.38 billion, a P/E ratio of 28.43 and a beta of 0.80.

Analyst Ratings Changes

GBCI has been the topic of several recent analyst reports. Truist Financial boosted their price target on Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Raymond James reaffirmed an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods boosted their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Stephens raised Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. Finally, Piper Sandler lowered their price target on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. One investment 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. According to data from MarketBeat, Glacier Bancorp currently has a consensus rating of “Hold” and a consensus price target 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.