Snyder Capital Management L P Has $48.99 Million Stake in Glacier Bancorp, Inc. $GBCI

Snyder Capital Management L P lowered its position in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,006,557 shares of the bank’s stock after selling 16,030 shares during the quarter. Snyder Capital Management L P owned approximately 0.77% of Glacier Bancorp worth $48,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Segall Bryant & Hamill LLC raised its holdings in shares of Glacier Bancorp by 4.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,173,967 shares of the bank’s stock valued at $57,137,000 after purchasing an additional 52,338 shares during the period. Royce & Associates LP increased its position in Glacier Bancorp by 11.7% during the third quarter. Royce & Associates LP now owns 381,398 shares of the bank’s stock worth $18,563,000 after buying an additional 39,997 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Glacier Bancorp by 29.9% in the third quarter. Rafferty Asset Management LLC now owns 139,078 shares of the bank’s stock valued at $6,769,000 after buying an additional 32,048 shares during the period. Xponance Inc. lifted its position in shares of Glacier Bancorp by 2.5% in the third quarter. Xponance Inc. now owns 16,872 shares of the bank’s stock valued at $821,000 after buying an additional 418 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Glacier Bancorp by 9.3% during the 3rd quarter. Synovus Financial Corp now owns 30,191 shares of the bank’s stock worth $1,469,000 after acquiring an additional 2,569 shares during the period. Institutional investors own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott initiated coverage on Glacier Bancorp in a research note on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Piper Sandler set a $59.00 price objective on shares of Glacier Bancorp and gave the company an “overweight” rating in a research report on Wednesday, February 11th. DA Davidson raised their target price on shares of Glacier Bancorp from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Glacier Bancorp in a research note on Monday, January 26th. Finally, Stephens set a $58.00 price target on shares of Glacier Bancorp in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $55.67.

Glacier Bancorp Trading Up 0.3%

Shares of Glacier Bancorp stock opened at $45.27 on Thursday. 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 firm has a 50-day moving average of $48.42 and a 200-day moving average of $46.47. 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 $5.89 billion, a PE ratio of 27.11 and a beta of 0.76.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates 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 business earned $0.54 EPS. As a group, sell-side analysts forecast that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

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.