Glacier Bancorp, Inc. $GBCI Shares Sold by Pier Capital LLC

Pier Capital LLC decreased its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 6.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 197,750 shares of the company’s stock after selling 12,558 shares during the period. Glacier Bancorp makes up about 1.5% of Pier Capital LLC’s holdings, making the stock its 10th biggest holding. Pier Capital LLC’s holdings in Glacier Bancorp were worth $9,624,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GBCI. EverSource Wealth Advisors LLC lifted its holdings in shares of Glacier Bancorp by 218.8% in the 2nd 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. Mather Group LLC. bought a new stake in Glacier Bancorp during the 3rd quarter valued at $35,000. Farther Finance Advisors LLC raised its holdings in 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 last quarter. Hantz Financial Services Inc. raised its holdings in Glacier Bancorp by 219.1% during the third quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock worth $79,000 after buying an additional 1,111 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 institutional investors and hedge funds.

Glacier Bancorp Stock Performance

NYSE GBCI opened at $44.08 on Friday. Glacier Bancorp, Inc. has a 52-week low of $36.76 and a 52-week high of $53.99. The company has a 50-day simple moving average of $48.37 and a 200 day simple moving average of $46.38. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $5.73 billion, a PE ratio of 22.15 and a beta of 0.75.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data on Thursday, January 22nd. The company 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 6.68% and a net margin of 16.63%.During the same quarter in the prior year, the business posted $0.54 earnings per share.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GBCI shares. DA Davidson lifted their price objective on shares of Glacier Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Glacier Bancorp in a report on Monday, December 29th. Wall Street Zen raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Janney Montgomery Scott started coverage on Glacier Bancorp in a research note on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price target for the company. Finally, Piper Sandler set a $59.00 price objective on Glacier Bancorp and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and an average price target of $55.67.

Glacier Bancorp Company Profile

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.