Skylands Capital LLC Sells 3,000 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Skylands Capital LLC cut its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,350 shares of the bank’s stock after selling 3,000 shares during the period. Skylands Capital LLC’s holdings in Glacier Bancorp were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in GBCI. Barclays PLC raised its position in shares of Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank’s stock worth $11,321,000 after acquiring an additional 98,158 shares in the last quarter. Geode Capital Management LLC raised its holdings in Glacier Bancorp by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,902,373 shares of the bank’s stock worth $132,662,000 after purchasing an additional 41,160 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Glacier Bancorp during the third quarter valued at about $543,000. BNP Paribas Financial Markets boosted its holdings in shares of Glacier Bancorp by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,203 shares of the bank’s stock valued at $2,111,000 after buying an additional 19,814 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of Glacier Bancorp by 79.2% in the 3rd quarter. Synovus Financial Corp now owns 32,484 shares of the bank’s stock valued at $1,485,000 after buying an additional 14,359 shares in the last quarter. 80.17% of the stock is owned by hedge funds and other institutional investors.

Glacier Bancorp Trading Down 0.2 %

Shares of Glacier Bancorp stock opened at $47.42 on Tuesday. The company has a market cap of $5.38 billion, a P/E ratio of 28.40 and a beta of 0.80. The firm has a 50-day simple moving average of $50.12 and a two-hundred day simple moving average of $49.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. Glacier Bancorp, Inc. has a fifty-two week low of $34.35 and a fifty-two week high of $60.67.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GBCI shares. Truist Financial increased their target price on shares of Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Piper Sandler reduced their target price on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Raymond James restated an “outperform” rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. Stephens raised shares of Glacier Bancorp from an “equal weight” rating to an “overweight” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their target price on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Glacier Bancorp has an average rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Profile

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.