Glacier Bancorp (NASDAQ:GBCI) Raised to Strong-Buy at Stephens

Stephens upgraded shares of Glacier Bancorp (NASDAQ:GBCI) from a hold rating to a strong-buy rating in a research report released on Monday,Zacks.com reports.

GBCI has been the topic of a number of other research reports. 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 research report on Wednesday, December 4th. Raymond James reaffirmed 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. Finally, Piper Sandler cut their price target on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $46.07 on Monday. 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 $5.22 billion, a price-to-earnings ratio of 27.58 and a beta of 0.77. The company’s fifty day moving average is $49.68 and its 200 day moving average is $49.91. Glacier Bancorp has a twelve month low of $34.35 and a twelve month high of $60.67.

Hedge Funds Weigh In On Glacier Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mather Group LLC. boosted its position in shares of Glacier Bancorp by 97.6% during the 4th 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. VisionPoint Advisory Group LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth about $63,000. Bridge Generations Wealth Management LLC acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth about $70,000. Smartleaf Asset Management LLC raised its holdings in shares of Glacier Bancorp by 17.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after acquiring an additional 431 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Glacier Bancorp in the 4th quarter worth about $146,000. Institutional investors own 80.17% of the company’s stock.

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.