Securian Asset Management Inc. Has $430,000 Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Securian Asset Management Inc. decreased its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,572 shares of the bank’s stock after selling 245 shares during the period. Securian Asset Management Inc.’s holdings in Glacier Bancorp were worth $430,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Glacier Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock worth $132,662,000 after purchasing an additional 41,160 shares in the last quarter. Thrivent Financial for Lutherans increased 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 worth $77,435,000 after purchasing an additional 280,255 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Glacier Bancorp by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank’s stock valued at $74,402,000 after buying an additional 49,006 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Glacier Bancorp by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock valued at $59,988,000 after buying an additional 52,566 shares during the period. Finally, Fisher Asset Management LLC grew its position in 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 buying an additional 163,061 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler dropped 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. 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 research note on Wednesday, January 15th. Keefe, Bruyette & Woods increased their price objective on shares of 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, Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. One 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 stock. According to MarketBeat.com, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Stock Performance

NASDAQ:GBCI opened at $44.95 on Tuesday. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month 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. The stock’s 50-day simple moving average is $48.84 and its 200 day simple moving average is $49.92. The firm has a market capitalization of $5.10 billion, a PE ratio of 26.92 and a beta of 0.77.

Glacier Bancorp Company 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.