Natixis Advisors LLC Boosts Stock Position in Glacier Bancorp, Inc. $GBCI

Natixis Advisors LLC lifted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 562,404 shares of the bank’s stock after buying an additional 73,545 shares during the quarter. Natixis Advisors LLC owned approximately 0.43% of Glacier Bancorp worth $27,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Davidson Trust Co. acquired a new position in shares of Glacier Bancorp during the 3rd quarter worth approximately $3,478,000. CENTRAL TRUST Co acquired a new position in Glacier Bancorp during the third quarter worth $594,000. TrueMark Investments LLC purchased a new stake in Glacier Bancorp in the 3rd quarter valued at $3,229,000. Voya Investment Management LLC grew its holdings in Glacier Bancorp by 1,653.0% in the 3rd quarter. Voya Investment Management LLC now owns 540,871 shares of the bank’s stock valued at $26,324,000 after buying an additional 510,017 shares in the last quarter. Finally, Idaho Trust Co acquired a new stake in shares of Glacier Bancorp in the 2nd quarter worth $14,663,000. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Glacier Bancorp Stock Up 1.1%

Shares of NASDAQ:GBCI opened at $44.64 on Wednesday. The business has a 50-day moving average price of $48.34 and a 200 day moving average price of $46.40. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 26.73 and a beta of 0.75. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month 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 net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the business earned $0.54 earnings per share. Sell-side analysts expect that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Wall Street Analyst Weigh In

GBCI has been the topic of several analyst reports. Stephens set a $58.00 price target on Glacier Bancorp in a report on Monday, January 26th. Janney Montgomery Scott began coverage on shares of Glacier Bancorp in a research report on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price objective for the company. Piper Sandler set a $59.00 target price on shares of 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 report on Monday, January 26th. Finally, DA Davidson increased their price target on shares of Glacier Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.