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

Pier Capital LLC trimmed its position in shares of Glacier Bancorp, Inc. (NYSE:GBCI) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,750 shares of the company’s stock after selling 12,558 shares during the quarter. Glacier Bancorp makes up 1.5% of Pier Capital LLC’s holdings, making the stock its 10th biggest holding. Pier Capital LLC owned approximately 0.15% of Glacier Bancorp worth $9,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Glacier Bancorp by 30.9% in the first quarter. AQR Capital Management LLC now owns 31,176 shares of the company’s stock valued at $1,358,000 after buying an additional 7,359 shares during the period. Goldman Sachs Group Inc. boosted its position in Glacier Bancorp by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,352,310 shares of the company’s stock worth $59,799,000 after buying an additional 73,756 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Glacier Bancorp by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 352,477 shares of the company’s stock worth $15,587,000 after buying an additional 26,157 shares during the period. PNC Financial Services Group Inc. grew its holdings in Glacier Bancorp by 5.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,844 shares of the company’s stock worth $424,000 after acquiring an additional 477 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Glacier Bancorp by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,993,108 shares of the company’s stock worth $128,957,000 after acquiring an additional 59,421 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GBCI has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of Glacier Bancorp in a research note on Monday, January 26th. Wall Street Zen upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Piper Sandler set a $59.00 target price on Glacier Bancorp and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Glacier Bancorp in a report on Monday, December 29th. Finally, Stephens set a $58.00 price target on Glacier Bancorp in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Glacier Bancorp currently has a consensus rating of “Hold” and an average target price of $55.67.

Glacier Bancorp Trading Down 1.8%

NYSE:GBCI opened at $44.08 on Friday. Glacier Bancorp, Inc. has a 12 month low of $36.76 and a 12 month high of $53.99. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 22.15 and a beta of 0.75. The firm has a fifty day simple moving average of $48.37 and a two-hundred day simple moving average of $46.38.

Glacier Bancorp (NYSE:GBCI) last announced 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 net margin of 16.63% and a return on equity of 6.68%. During the same quarter last year, the business posted $0.54 EPS.

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.