Xponance Inc. Raises Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Xponance Inc. lifted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,128 shares of the bank’s stock after buying an additional 702 shares during the period. Xponance Inc.’s holdings in Glacier Bancorp were worth $810,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its stake in 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 buying an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in Glacier Bancorp in the fourth quarter valued at approximately $63,000. Smartleaf Asset Management LLC grew 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 valued at $144,000 after purchasing an additional 431 shares during the period. GAMMA Investing LLC raised its stake in Glacier Bancorp by 20.9% during 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 raised its stake in Glacier Bancorp by 19.6% during 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

GBCI has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Raymond James reiterated an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods increased their target price 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. Finally, Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Glacier Bancorp presently has an average rating of “Hold” and a consensus target price of $51.50.

Glacier Bancorp Stock Up 3.2 %

Shares of NASDAQ:GBCI opened at $45.72 on Tuesday. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of 27.38 and a beta of 0.77. The company has a 50 day moving average of $48.46 and a two-hundred day moving average of $49.87. 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.

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.