Glacier Bancorp, Inc. $GBCI Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 83.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,647 shares of the company’s stock after acquiring an additional 196,599 shares during the period. Kennedy Capital Management LLC owned approximately 0.33% of Glacier Bancorp worth $21,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. purchased a new position in shares of Glacier Bancorp during the 3rd quarter worth approximately $35,000. EverSource Wealth Advisors LLC lifted its stake in Glacier Bancorp by 218.8% during the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after purchasing an additional 490 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Glacier Bancorp by 20.4% during the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the company’s stock worth $78,000 after buying an additional 273 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Glacier Bancorp by 219.1% in the third quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock valued at $79,000 after buying an additional 1,111 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Glacier Bancorp by 25.5% in the third quarter. Smartleaf Asset Management LLC now owns 2,979 shares of the company’s stock valued at $147,000 after buying an additional 605 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler set a $59.00 target price on Glacier Bancorp and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of Glacier Bancorp in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Janney Montgomery Scott initiated coverage on shares of Glacier Bancorp in a report on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Finally, Brean Capital downgraded shares of Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Glacier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $55.67.

Glacier Bancorp Stock Down 0.6%

Glacier Bancorp stock traded down $0.24 during mid-day trading on Friday, hitting $43.80. The company had a trading volume of 53,097 shares, compared to its average volume of 1,106,246. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.16. Glacier Bancorp, Inc. has a 1 year low of $36.76 and a 1 year high of $53.99. The business has a fifty day moving average of $48.37 and a 200 day moving average of $46.38. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 22.04 and a beta of 0.75.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.13). Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.During the same quarter in the previous year, the company posted $0.54 EPS.

About Glacier Bancorp

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.