Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,173 shares of the bank’s stock after acquiring an additional 3,117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Glacier Bancorp were worth $1,465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System grew its holdings in Glacier Bancorp by 0.8% during the fourth quarter. Arizona State Retirement System now owns 32,909 shares of the bank’s stock worth $1,653,000 after acquiring an additional 259 shares during the period. Financial Advocates Investment Management boosted its position in Glacier Bancorp by 1.9% during the fourth quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock worth $817,000 after purchasing an additional 311 shares in the last quarter. Pacer Advisors Inc. boosted its position in Glacier Bancorp by 1.6% during the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock worth $1,121,000 after purchasing an additional 350 shares in the last quarter. Mather Group LLC. boosted its position in Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock worth $37,000 after purchasing an additional 362 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Glacier Bancorp by 0.5% during the fourth quarter. Truist Financial Corp now owns 79,073 shares of the bank’s stock worth $3,971,000 after purchasing an additional 388 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Stock Down 0.0 %

Shares of GBCI opened at $44.93 on Wednesday. Glacier Bancorp, Inc. has a 52-week low of $34.35 and a 52-week 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 has a fifty day simple moving average of $48.74 and a two-hundred day simple moving average of $49.90. The company has a market capitalization of $5.10 billion, a PE ratio of 26.90 and a beta of 0.77.

Analyst Ratings Changes

A number of brokerages have issued reports on GBCI. Raymond James reiterated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods increased their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company 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 report on Monday, March 3rd. Finally, Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have issued 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.com, the stock has a consensus rating of “Hold” and an average target price of $51.50.

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.