Madison Investment Advisors LLC Purchases New Stake in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Madison Investment Advisors LLC purchased a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 951,224 shares of the bank’s stock, valued at approximately $47,770,000. Madison Investment Advisors LLC owned 0.84% of Glacier Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. raised its stake in shares of Glacier Bancorp by 97.6% during the fourth quarter. Mather Group LLC. now owns 733 shares of the bank’s stock valued at $37,000 after purchasing an additional 362 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth approximately $63,000. Smartleaf Asset Management LLC grew its position in shares of Glacier Bancorp by 17.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,869 shares of the bank’s stock worth $144,000 after buying an additional 431 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank’s stock worth $137,000 after buying an additional 927 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Glacier Bancorp by 20.9% in the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock worth $153,000 after purchasing an additional 526 shares during the period. Hedge funds and other institutional investors own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

Glacier Bancorp Trading Up 0.2 %

NASDAQ:GBCI opened at $44.23 on Thursday. The stock’s 50 day moving average price is $49.16 and its 200 day moving average price is $49.94. Glacier Bancorp, Inc. has a 52 week low of $34.35 and a 52 week high of $60.67. The company has a market capitalization of $5.02 billion, a P/E ratio of 26.49 and a beta of 0.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81.

About Glacier Bancorp

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.