Glacier Bancorp (NASDAQ:GBCI) Upgraded at Stephens

Glacier Bancorp (NASDAQ:GBCI) was upgraded by equities researchers at Stephens from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

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

Glacier Bancorp Stock Performance

NASDAQ:GBCI opened at $46.07 on Monday. Glacier Bancorp has a twelve month low of $34.35 and a twelve month high of $60.67. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 27.58 and a beta of 0.77. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $49.68 and its 200 day simple moving average is $49.91.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its position in shares of 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 purchasing an additional 362 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in Glacier Bancorp in the fourth quarter valued at about $63,000. Bridge Generations Wealth Management LLC acquired a new stake in Glacier Bancorp during the fourth quarter valued at approximately $70,000. Venturi Wealth Management LLC raised its stake in Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock valued at $137,000 after buying an additional 927 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Glacier Bancorp by 17.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after buying an additional 431 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

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.