Segall Bryant & Hamill LLC Purchases 12,035 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Segall Bryant & Hamill LLC raised its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.1% in the fourth quarter, Holdings Channel reports. The firm owned 1,062,294 shares of the bank’s stock after acquiring an additional 12,035 shares during the quarter. Glacier Bancorp accounts for 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 17th biggest holding. Segall Bryant & Hamill LLC’s holdings in Glacier Bancorp were worth $53,348,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Signaturefd LLC raised its stake in shares of Glacier Bancorp by 5.3% in the fourth quarter. Signaturefd LLC now owns 3,978 shares of the bank’s stock worth $200,000 after purchasing an additional 201 shares during the last quarter. Arizona State Retirement System lifted its stake in Glacier Bancorp by 0.8% during the 4th quarter. Arizona State Retirement System now owns 32,909 shares of the bank’s stock valued at $1,653,000 after acquiring an additional 259 shares during the period. Financial Advocates Investment Management boosted its holdings in shares of Glacier Bancorp by 1.9% during the 4th quarter. Financial Advocates Investment Management now owns 16,267 shares of the bank’s stock valued at $817,000 after acquiring an additional 311 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Glacier Bancorp by 1.6% in the fourth quarter. Pacer Advisors Inc. now owns 22,319 shares of the bank’s stock worth $1,121,000 after acquiring an additional 350 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares during the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Stock Up 3.2 %

GBCI stock opened at $45.72 on Tuesday. The business’s 50-day moving average price is $48.46 and its 200-day moving average price is $49.87. The stock has a market cap of $5.19 billion, a P/E ratio of 27.38 and a beta of 0.77. 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, Inc. has a twelve month low of $34.35 and a twelve month high of $60.67.

Analyst Upgrades and Downgrades

GBCI has been the subject of a number of research analyst reports. Piper Sandler cut 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 report on Monday, January 27th. Raymond James reaffirmed 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. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 3rd. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.50.

Glacier Bancorp 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.