Truist Financial Corp Boosts Stock Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Truist Financial Corp lifted its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,073 shares of the bank’s stock after purchasing an additional 388 shares during the period. Truist Financial Corp owned about 0.07% of Glacier Bancorp worth $3,971,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Barclays PLC raised its stake in Glacier Bancorp by 65.6% in the third quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after buying an additional 98,158 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Glacier Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock valued at $132,662,000 after acquiring an additional 41,160 shares during the period. LMR Partners LLP bought a new position in shares of Glacier Bancorp in the 3rd quarter worth $543,000. BNP Paribas Financial Markets lifted its stake in shares of Glacier Bancorp by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock worth $2,111,000 after purchasing an additional 19,814 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in Glacier Bancorp by 79.2% in the third quarter. Synovus Financial Corp now owns 32,484 shares of the bank’s stock valued at $1,485,000 after purchasing an additional 14,359 shares during the last quarter. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Trading Down 0.2 %

NASDAQ GBCI opened at $47.42 on Tuesday. The stock has a market cap of $5.38 billion, a P/E ratio of 28.40 and a beta of 0.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The company has a fifty day simple moving average of $50.12 and a two-hundred day simple moving average of $49.70.

Analyst Ratings Changes

Several analysts have commented on GBCI shares. Piper Sandler decreased their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Truist Financial increased their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Raymond James restated an “outperform” rating and issued a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods upped their price target on 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 Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.50.

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.