AGF Management Ltd. increased its stake in Glacier Bancorp, Inc. (NASDAQ:GBCI – Free Report) by 20.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,679 shares of the bank’s stock after buying an additional 12,415 shares during the period. AGF Management Ltd. owned 0.07% of Glacier Bancorp worth $3,095,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its position in shares of Glacier Bancorp by 3.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 29,668 shares of the bank’s stock worth $1,492,000 after buying an additional 926 shares in the last quarter. US Bancorp DE lifted its stake in Glacier Bancorp by 2.9% in the first quarter. US Bancorp DE now owns 11,115 shares of the bank’s stock worth $559,000 after acquiring an additional 308 shares during the period. AlphaCrest Capital Management LLC bought a new position in Glacier Bancorp during the 1st quarter worth about $410,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Glacier Bancorp by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,755 shares of the bank’s stock valued at $1,999,000 after purchasing an additional 3,791 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Glacier Bancorp by 6.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 58,637 shares of the bank’s stock valued at $3,029,000 after purchasing an additional 3,729 shares in the last quarter. Institutional investors own 74.71% of the company’s stock.
Glacier Bancorp Stock Up 0.8 %
Glacier Bancorp stock opened at $33.13 on Monday. The business has a fifty day moving average price of $32.28 and a 200-day moving average price of $37.96. Glacier Bancorp, Inc. has a 1-year low of $26.77 and a 1-year high of $59.70. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 13.31 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.70 and a quick ratio of 0.70.
Glacier Bancorp Announces Dividend
Insider Activity at Glacier Bancorp
In related news, CAO Don J. Chery bought 1,000 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $27.16 per share, with a total value of $27,160.00. Following the transaction, the chief accounting officer now owns 49,741 shares in the company, valued at $1,350,965.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Don J. Chery acquired 1,000 shares of the stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $27.16 per share, for a total transaction of $27,160.00. Following the completion of the purchase, the chief accounting officer now owns 49,741 shares of the company’s stock, valued at approximately $1,350,965.56. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Craig A. Langel bought 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was purchased at an average cost of $29.55 per share, for a total transaction of $96,037.50. Following the completion of the transaction, the chairman now owns 92,207 shares in the company, valued at $2,724,716.85. The disclosure for this purchase can be found here. Insiders purchased 5,810 shares of company stock valued at $168,309 in the last three months. 0.44% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on GBCI shares. Piper Sandler dropped their price objective on shares of Glacier Bancorp from $34.00 to $31.00 in a research note on Monday, July 24th. TheStreet downgraded Glacier Bancorp from a “b-” rating to a “c+” rating in a report on Thursday, May 4th. DA Davidson decreased their price objective on Glacier Bancorp from $47.00 to $42.00 in a research note on Wednesday, June 21st. Stephens reiterated an “equal weight” rating and issued a $31.00 target price on shares of Glacier Bancorp in a research note on Friday, July 21st. Finally, Raymond James decreased their price target on shares of Glacier Bancorp from $41.00 to $34.00 in a research report on Friday, May 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and an average target price of $34.40.
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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts.
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