Segall Bryant & Hamill LLC Purchases 12,035 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Segall Bryant & Hamill LLC grew its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,062,294 shares of the bank’s stock after purchasing an additional 12,035 shares during the period. Glacier Bancorp comprises about 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 17th largest holding. Segall Bryant & Hamill LLC owned approximately 0.94% of Glacier Bancorp worth $53,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GBCI. Madison Investment Advisors LLC bought a new stake in Glacier Bancorp in the 4th quarter worth approximately $47,770,000. Raymond James Financial Inc. bought a new position in shares of Glacier Bancorp during the 4th quarter valued at $9,544,000. Prudential Financial Inc. raised its position in Glacier Bancorp by 1,114.9% in the 4th quarter. Prudential Financial Inc. now owns 191,816 shares of the bank’s stock worth $9,633,000 after purchasing an additional 176,028 shares during the period. Fisher Asset Management LLC lifted its stake in Glacier Bancorp by 19.9% in the fourth quarter. Fisher Asset Management LLC now owns 984,056 shares of the bank’s stock worth $49,419,000 after purchasing an additional 163,061 shares during the last quarter. Finally, Pier Capital LLC purchased a new stake in Glacier Bancorp during the third quarter valued at about $7,443,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Glacier Bancorp Price Performance

Shares of GBCI stock opened at $45.72 on Tuesday. The business’s fifty day moving average is $48.46 and its 200 day moving average is $49.87. 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 has a market cap of $5.19 billion, a price-to-earnings ratio of 27.38 and a beta of 0.77. Glacier Bancorp, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67.

About Glacier Bancorp

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.