Fisher Asset Management LLC Has $43.26 Million Stake in Glacier Bancorp, Inc. $GBCI

Fisher Asset Management LLC reduced its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 888,909 shares of the bank’s stock after selling 15,270 shares during the quarter. Fisher Asset Management LLC owned approximately 0.68% of Glacier Bancorp worth $43,263,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the bank’s stock valued at $31,000 after acquiring an additional 490 shares in the last quarter. Mather Group LLC. acquired a new stake in Glacier Bancorp during the third quarter valued at $35,000. Farther Finance Advisors LLC grew its stake in Glacier Bancorp by 20.4% in the third quarter. Farther Finance Advisors LLC now owns 1,609 shares of the bank’s stock valued at $78,000 after purchasing an additional 273 shares in the last quarter. Hantz Financial Services Inc. increased its position in Glacier Bancorp by 219.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,618 shares of the bank’s stock worth $79,000 after purchasing an additional 1,111 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in shares of Glacier Bancorp by 9.5% during the 2nd quarter. AlphaQuest LLC now owns 3,001 shares of the bank’s stock worth $129,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GBCI. Piper Sandler set a $59.00 price target on Glacier Bancorp and gave the company an “overweight” rating in a research note on Wednesday, February 11th. DA Davidson lifted their target price on shares of Glacier Bancorp from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Stephens set a $58.00 target price on shares of Glacier Bancorp in a research report on Monday, January 26th. Janney Montgomery Scott started coverage on shares of Glacier Bancorp in a report on Tuesday, February 10th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating on shares of Glacier Bancorp in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.67.

Glacier Bancorp Stock Performance

NASDAQ:GBCI opened at $45.15 on Wednesday. The firm has a market capitalization of $5.87 billion, a PE ratio of 27.04 and a beta of 0.76. Glacier Bancorp, Inc. has a 1 year low of $36.76 and a 1 year high of $53.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $48.43 and its 200 day simple moving average is $46.48.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the prior year, the firm earned $0.54 EPS. On average, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 2.45 EPS for the current year.

Glacier Bancorp Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana, serving communities across the western United States. Through its primary banking subsidiary, Glacier Bank, the company offers a range of financial products, including commercial and consumer lending, deposit accounts, treasury management, mortgage banking, wealth management and insurance services. With locations in dozens of branches across Montana, Idaho, Wyoming, Nevada, Utah, Washington, Colorado and Arizona, it caters to individuals, small businesses and agribusiness clients.

Since its establishment in the mid-20th century as a community-focused savings institution, Glacier Bancorp has grown through both organic expansion and strategic acquisitions of regional banks, strengthening its presence in local markets.