123,439 Shares in Glacier Bancorp, Inc. $GBCI Purchased by Northern Capital Management Inc.

Northern Capital Management Inc. bought a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 123,439 shares of the bank’s stock, valued at approximately $6,008,000. Glacier Bancorp accounts for approximately 3.3% of Northern Capital Management Inc.’s holdings, making the stock its 5th largest position.

A number of other institutional investors also recently made changes to their positions in GBCI. Ameritas Advisory Services LLC acquired a new position in shares of Glacier Bancorp in the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the bank’s stock worth $31,000 after buying an additional 490 shares in the last quarter. Mather Group LLC. bought a new stake in Glacier Bancorp during the third quarter worth approximately $35,000. Farther Finance Advisors LLC grew its position in Glacier Bancorp by 20.4% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the bank’s stock worth $78,000 after buying an additional 273 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Glacier Bancorp by 219.1% in the third quarter. Hantz Financial Services Inc. now owns 1,618 shares of the bank’s stock valued at $79,000 after buying an additional 1,111 shares in the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

Glacier Bancorp Trading Down 0.2%

Shares of NASDAQ GBCI opened at $51.71 on Thursday. The business has a 50 day simple moving average of $47.12 and a 200 day simple moving average of $46.06. Glacier Bancorp, Inc. has a 52 week low of $36.76 and a 52 week high of $53.99. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 30.97 and a beta of 0.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, January 22nd. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.13). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%.During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, research analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods reissued an “underperform” rating on shares of Glacier Bancorp in a research note on Monday, January 26th. Raymond James Financial reduced their target price on Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Stephens set a $58.00 price objective on Glacier Bancorp in a research report on Monday, January 26th. Janney Montgomery Scott started coverage on Glacier Bancorp in a report on Tuesday. They issued a “neutral” rating and a $55.00 target price on the stock. Finally, Piper Sandler set a $59.00 price target on shares of Glacier Bancorp and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Glacier Bancorp Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana, serving communities across the western United States. Through its primary banking subsidiary, Glacier Bank, the company offers a range of financial products, including commercial and consumer lending, deposit accounts, treasury management, mortgage banking, wealth management and insurance services. With locations in dozens of branches across Montana, Idaho, Wyoming, Nevada, Utah, Washington, Colorado and Arizona, it caters to individuals, small businesses and agribusiness clients.

Since its establishment in the mid-20th century as a community-focused savings institution, Glacier Bancorp has grown through both organic expansion and strategic acquisitions of regional banks, strengthening its presence in local markets.