Glacier Bancorp (NASDAQ:GBCI) Raised to Strong-Buy at Stephens

Glacier Bancorp (NASDAQ:GBCI) was upgraded by stock analysts at Stephens from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on GBCI. Keefe, Bruyette & Woods upped 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 report on Wednesday, December 4th. Piper Sandler decreased their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Finally, Raymond James reiterated an “outperform” rating and set a $55.00 target price (up 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 given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Price Performance

GBCI stock opened at $46.07 on Monday. The company has a market cap of $5.22 billion, a PE ratio of 27.58 and a beta of 0.77. Glacier Bancorp has a 12-month low of $34.35 and a 12-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 stock has a 50-day moving average price of $49.68 and a two-hundred day moving average price of $49.91.

Institutional Investors Weigh In On Glacier Bancorp

Institutional investors have recently modified their holdings of the stock. Mather Group LLC. grew its position in shares of Glacier Bancorp by 97.6% in the 4th quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after acquiring an additional 362 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in Glacier Bancorp in the fourth quarter worth about $63,000. Bridge Generations Wealth Management LLC acquired a new position in Glacier Bancorp in the fourth quarter valued at approximately $70,000. Smartleaf Asset Management LLC grew its holdings 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 last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Glacier Bancorp in the 4th quarter worth approximately $146,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.