Northern Capital Management Inc. Takes Position in Glacier Bancorp, Inc. $GBCI

Northern Capital Management Inc. purchased a new position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 123,439 shares of the bank’s stock, valued at approximately $6,008,000. Glacier Bancorp comprises approximately 3.3% of Northern Capital Management Inc.’s investment portfolio, making the stock its 5th largest holding. Northern Capital Management Inc. owned about 0.09% of Glacier Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in Glacier Bancorp during the second quarter valued at approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of Glacier Bancorp by 218.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the bank’s stock valued at $31,000 after acquiring an additional 490 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Glacier Bancorp during the 3rd quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its position in shares of Glacier Bancorp by 20.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,609 shares of the bank’s stock valued at $78,000 after acquiring an additional 273 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Glacier Bancorp by 219.1% during the third quarter. Hantz Financial Services Inc. now owns 1,618 shares of the bank’s stock worth $79,000 after purchasing an additional 1,111 shares during the last quarter. 80.17% of the stock is owned by institutional investors.

Glacier Bancorp Price Performance

Shares of NASDAQ:GBCI opened at $51.71 on Thursday. The firm’s 50 day moving average is $47.12 and its two-hundred day moving average is $46.06. The firm has a market capitalization of $6.72 billion, a P/E ratio of 30.97 and a beta of 0.76. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp, Inc. has a 52 week low of $36.76 and a 52 week high of $53.99.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $0.49 earnings per share (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 period last year, the company earned $0.54 EPS. Analysts anticipate that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GBCI has been the subject of several recent research reports. Piper Sandler set a $59.00 target price on shares of Glacier Bancorp and gave the company an “overweight” rating in a research note on Wednesday. Janney Montgomery Scott started coverage on shares of Glacier Bancorp in a research report on Tuesday. They set a “neutral” rating and a $55.00 price objective for the company. Raymond James Financial cut their target price on shares of Glacier Bancorp from $55.00 to $49.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Keefe, Bruyette & Woods restated 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 Glacier Bancorp in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Glacier Bancorp Company 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.