Bridge City Capital LLC Acquires 12,039 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Bridge City Capital LLC grew its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 8.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 161,370 shares of the bank’s stock after buying an additional 12,039 shares during the period. Glacier Bancorp comprises about 2.2% of Bridge City Capital LLC’s portfolio, making the stock its 6th biggest holding. Bridge City Capital LLC’s holdings in Glacier Bancorp were worth $8,104,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. 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 during the period. VisionPoint Advisory Group LLC bought a new stake in Glacier Bancorp during the fourth quarter worth approximately $63,000. Smartleaf Asset Management LLC boosted its position in Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after purchasing an additional 431 shares during the period. GAMMA Investing LLC boosted its position 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 boosted its position 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.

Glacier Bancorp Trading Down 0.4 %

Shares of Glacier Bancorp stock opened at $44.32 on Friday. Glacier Bancorp, Inc. has a 1 year low of $34.35 and a 1 year high of $60.67. 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 company’s fifty day simple moving average is $48.51 and its 200-day simple moving average is $49.83. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 26.54 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GBCI. Piper Sandler decreased their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. Raymond James reaffirmed an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Keefe, Bruyette & Woods raised their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Stephens upgraded shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.50.

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.