Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC increased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,370 shares of the bank’s stock after purchasing an additional 12,039 shares during the quarter. Glacier Bancorp comprises about 2.2% of Bridge City Capital LLC’s portfolio, making the stock its 6th biggest holding. Bridge City Capital LLC owned 0.14% of Glacier Bancorp worth $8,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its holdings 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 period. VisionPoint Advisory Group LLC acquired a new stake in Glacier Bancorp in the fourth quarter worth about $63,000. Smartleaf Asset Management LLC lifted its holdings in Glacier Bancorp by 17.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after purchasing an additional 431 shares during the period. GAMMA Investing LLC lifted its holdings in Glacier Bancorp by 20.9% in the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after purchasing an additional 526 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Glacier Bancorp by 19.6% in the fourth quarter. Jones Financial Companies Lllp now owns 3,533 shares of the bank’s stock worth $177,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

Glacier Bancorp Price Performance

NASDAQ GBCI opened at $44.32 on Friday. The stock’s 50-day moving average price is $48.51 and its two-hundred day moving average price is $49.83. 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 company has a market cap of $5.03 billion, a PE ratio of 26.54 and a beta of 0.77. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67.

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.