Cubist Systematic Strategies LLC decreased its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 72.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,975 shares of the bank’s stock after selling 76,995 shares during the period. Cubist Systematic Strategies LLC’s holdings in Glacier Bancorp were worth $929,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC grew its holdings in shares of Glacier Bancorp by 80.0% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 745 shares of the bank’s stock worth $26,000 after acquiring an additional 331 shares during the period. CI Investments Inc. acquired a new stake in shares of Glacier Bancorp in the 3rd quarter worth approximately $26,000. KBC Group NV acquired a new stake in shares of Glacier Bancorp in the 3rd quarter worth approximately $79,000. Weld Capital Management LLC acquired a new stake in shares of Glacier Bancorp in the 3rd quarter worth approximately $233,000. Finally, Avantax Advisory Services Inc. acquired a new stake in shares of Glacier Bancorp in the 3rd quarter worth approximately $241,000. Institutional investors own 65.21% of the company’s stock.
A number of equities research analysts recently issued reports on the company. TheStreet raised Glacier Bancorp from a “c+” rating to a “b-” rating in a research note on Friday, October 30th. BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, December 17th. Zacks Investment Research lowered Glacier Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Piper Sandler reduced their target price on Glacier Bancorp from $38.00 to $36.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. Finally, ValuEngine raised Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, December 16th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $38.50.
Shares of Glacier Bancorp stock opened at $45.88 on Friday. Glacier Bancorp, Inc. has a fifty-two week low of $26.66 and a fifty-two week high of $47.05. The firm has a market cap of $4.38 billion, a PE ratio of 17.99 and a beta of 1.04. The business’s fifty day moving average is $43.02 and its two-hundred day moving average is $37.19. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.18. Glacier Bancorp had a return on equity of 11.31% and a net margin of 31.94%. The company had revenue of $205.07 million for the quarter, compared to analyst estimates of $185.23 million. Equities research analysts anticipate that Glacier Bancorp, Inc. will post 2.73 EPS for the current year.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc operates as the 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 deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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