King Luther Capital Management Corp Sells 1,089 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

King Luther Capital Management Corp cut its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.0% in the fourth quarter, HoldingsChannel reports. The fund owned 102,691 shares of the bank’s stock after selling 1,089 shares during the period. King Luther Capital Management Corp’s holdings in Glacier Bancorp were worth $5,157,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Glacier Bancorp by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock worth $132,662,000 after buying an additional 41,160 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Glacier Bancorp by 19.8% during the third quarter. Thrivent Financial for Lutherans now owns 1,694,409 shares of the bank’s stock worth $77,435,000 after buying an additional 280,255 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Glacier Bancorp by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,628,055 shares of the bank’s stock worth $74,402,000 after buying an additional 49,006 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Glacier Bancorp by 0.4% during the third quarter. Victory Capital Management Inc. now owns 1,534,667 shares of the bank’s stock worth $70,134,000 after buying an additional 6,394 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Glacier Bancorp by 4.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,194,495 shares of the bank’s stock worth $59,988,000 after buying an additional 52,566 shares during the last quarter. 80.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target 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. Raymond James reissued an “outperform” rating and set a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Stephens raised shares of Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Finally, Piper Sandler lowered 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.50.

Glacier Bancorp Stock Up 0.2 %

Shares of NASDAQ:GBCI opened at $44.23 on Thursday. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $5.02 billion, a PE ratio of 26.49 and a beta of 0.77. The company has a 50 day moving average price of $49.16 and a two-hundred day moving average price of $49.94.

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.