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 4th quarter, according to its most recent disclosure with the SEC. The firm owned 367,184 shares of the bank’s stock after buying an additional 36,063 shares during the period. Natixis Advisors LLC’s holdings in Glacier Bancorp were worth $18,440,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after buying an additional 41,160 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Glacier Bancorp by 3.1% during 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 during the period. Bank of New York Mellon Corp lifted its stake in shares of Glacier Bancorp by 4.6% during 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. Fisher Asset Management LLC lifted 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 valued at $49,419,000 after buying an additional 163,061 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in shares of Glacier Bancorp during the fourth quarter valued at approximately $47,770,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GBCI. Piper Sandler reduced their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods increased their price target 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, 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 note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Stock Performance

NASDAQ:GBCI opened at $44.93 on Wednesday. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67. The firm’s 50 day moving average is $48.74 and its two-hundred day moving average is $49.90. The company has a market cap of $5.10 billion, a P/E ratio of 26.90 and a beta of 0.77. 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 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.