Jain Global LLC Purchases 86,271 Shares of Glacier Bancorp, Inc. $GBCI

Jain Global LLC boosted its position in Glacier Bancorp, Inc. (NYSE:GBCI) by 81.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,569 shares of the company’s stock after buying an additional 86,271 shares during the quarter. Jain Global LLC owned approximately 0.15% of Glacier Bancorp worth $9,372,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GBCI. EverSource Wealth Advisors LLC grew its position in shares of Glacier Bancorp by 218.8% in the second quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock valued at $31,000 after purchasing an additional 490 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Glacier Bancorp in the third quarter worth $35,000. Farther Finance Advisors LLC increased its position 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 acquiring an additional 273 shares during the period. Hantz Financial Services Inc. raised its stake in Glacier Bancorp by 219.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,618 shares of the company’s stock valued at $79,000 after purchasing an additional 1,111 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Glacier Bancorp by 25.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,979 shares of the company’s stock valued at $147,000 after purchasing an additional 605 shares during the period. Institutional investors and hedge funds own 80.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Stephens set a $58.00 price objective on shares of Glacier Bancorp in a research report on Monday, January 26th. Janney Montgomery Scott assumed coverage on Glacier Bancorp in a research note on Tuesday, February 10th. They issued a “neutral” rating and a $55.00 target price for the company. Brean Capital cut Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. DA Davidson lifted their price target 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. Finally, Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.67.

Glacier Bancorp Trading Down 0.3%

Shares of Glacier Bancorp stock opened at $43.37 on Tuesday. Glacier Bancorp, Inc. has a 12-month low of $36.76 and a 12-month high of $53.99. The stock has a market capitalization of $5.64 billion, a P/E ratio of 21.79 and a beta of 0.75. The company has a 50-day simple moving average of $48.29 and a 200 day simple moving average of $46.28. 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 (NYSE:GBCI) last posted its earnings results on Thursday, January 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a net margin of 16.63% and a return on equity of 6.68%. During the same quarter in the prior year, the firm posted $0.54 earnings per share.

Glacier Bancorp 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.