Royce & Associates LP Buys 120,267 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Royce & Associates LP increased its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 98.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 243,024 shares of the bank’s stock after purchasing an additional 120,267 shares during the period. Royce & Associates LP owned approximately 0.21% of Glacier Bancorp worth $12,205,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. increased its position in Glacier Bancorp by 97.6% in the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in Glacier Bancorp during the fourth quarter worth $63,000. Smartleaf Asset Management LLC boosted its stake in shares of Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock valued at $144,000 after purchasing an additional 431 shares during the period. GAMMA Investing LLC boosted its stake in shares of Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after purchasing an additional 526 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Glacier Bancorp by 19.6% during the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock valued at $177,000 after purchasing an additional 578 shares during the period. Institutional investors own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

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

Glacier Bancorp Stock Performance

GBCI opened at $44.95 on Tuesday. The firm’s 50-day moving average price is $48.84 and its 200-day moving average price is $49.92. The company has a market cap of $5.10 billion, a P/E ratio of 26.92 and a beta of 0.77. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week high of $60.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63.

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.