Natixis Advisors LLC Increases Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Natixis Advisors LLC lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 367,184 shares of the bank’s stock after acquiring an additional 36,063 shares during the quarter. Natixis Advisors LLC owned 0.32% of Glacier Bancorp worth $18,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GBCI. Madison Investment Advisors LLC acquired a new position in shares of Glacier Bancorp during the fourth quarter worth about $47,770,000. Raymond James Financial Inc. acquired a new position in shares of Glacier Bancorp during the fourth quarter worth about $9,544,000. Fisher Asset Management LLC increased its stake 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 worth $49,419,000 after acquiring an additional 163,061 shares during the period. Pier Capital LLC acquired a new position in Glacier Bancorp during the third quarter worth about $7,443,000. Finally, Barclays PLC grew its position in Glacier Bancorp by 65.6% during the third quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after buying an additional 98,158 shares during the period. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GBCI. Piper Sandler lowered their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, Raymond James restated an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Glacier Bancorp has a consensus rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Stock Down 0.0 %

GBCI stock opened at $44.93 on Wednesday. The company’s 50 day simple moving average is $48.74 and its 200-day simple moving average is $49.90. The firm has a market capitalization of $5.10 billion, a PE ratio of 26.90 and a beta of 0.77. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81.

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.