Advantage Alpha Capital Partners LP Purchases 1,566 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Advantage Alpha Capital Partners LP raised its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 13.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,429 shares of the bank’s stock after buying an additional 1,566 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Glacier Bancorp were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bridge City Capital LLC grew its position in Glacier Bancorp by 8.1% in the fourth quarter. Bridge City Capital LLC now owns 161,370 shares of the bank’s stock valued at $8,104,000 after purchasing an additional 12,039 shares in the last quarter. LPL Financial LLC grew its stake in Glacier Bancorp by 52.6% in the fourth quarter. LPL Financial LLC now owns 111,045 shares of the bank’s stock valued at $5,577,000 after purchasing an additional 38,294 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Glacier Bancorp during the 4th quarter worth approximately $1,159,000. American Century Companies Inc. raised its stake in shares of Glacier Bancorp by 1.4% during the 4th quarter. American Century Companies Inc. now owns 35,404 shares of the bank’s stock worth $1,778,000 after purchasing an additional 487 shares in the last quarter. Finally, Xponance Inc. increased its holdings in Glacier Bancorp by 4.6% during the fourth quarter. Xponance Inc. now owns 16,128 shares of the bank’s stock worth $810,000 after buying an additional 702 shares during the last quarter. 80.17% of the stock is currently owned by institutional investors and hedge funds.

Glacier Bancorp Trading Down 0.4 %

Shares of GBCI stock opened at $44.32 on Monday. Glacier Bancorp, Inc. has a 12-month low of $34.35 and a 12-month high of $60.67. The firm has a 50 day moving average price of $48.51 and a two-hundred day moving average price of $49.87. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.03 billion, a PE ratio of 26.54 and a beta of 0.77.

Analyst Ratings Changes

A number of brokerages have recently commented on GBCI. Keefe, Bruyette & Woods lifted their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, March 3rd. Piper Sandler dropped their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Raymond James reiterated an “outperform” rating and set a $55.00 target price (up from $52.00) on shares of Glacier Bancorp in a research note on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Glacier Bancorp currently has an average rating of “Hold” and an average target price of $51.50.

Glacier Bancorp Company 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.