Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 7.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 221,469 shares of the bank’s stock after selling 17,684 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Glacier Bancorp were worth $11,122,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of GBCI. Thrivent Financial for Lutherans boosted its holdings in shares of Glacier Bancorp by 19.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock valued at $77,435,000 after acquiring an additional 280,255 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Glacier Bancorp during the fourth quarter valued at $9,544,000. Fisher Asset Management LLC boosted its holdings in shares of Glacier Bancorp by 19.9% during 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 period. Pier Capital LLC acquired a new position in shares of Glacier Bancorp during the third quarter valued at $7,443,000. Finally, Barclays PLC boosted its holdings in shares of Glacier Bancorp by 65.6% during the third 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. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Price Performance

Shares of NASDAQ GBCI opened at $45.48 on Friday. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 27.23 and a beta of 0.77. The firm has a 50-day moving average of $49.57 and a two-hundred day moving average of $49.88.

Analyst Ratings Changes

GBCI has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler reduced their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Raymond James reaffirmed an “outperform” rating and issued a $55.00 price objective (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Glacier Bancorp presently has a consensus rating of “Hold” and an average 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.