Silvercrest Asset Management Group Reduces $8M in Glacier Bancorp, Inc. ($GBCI)
Key Points
- Silvercrest Asset Management Group changed its Glacier Bancorp, Inc. ($GBCI) stake by 6.1% last quarter, cutting to 2,420,949 shares worth $120.93 million.
- Wall Street's consensus rating on $GBCI is Buy and an average price target of $56.50.
- $GBCI last traded around $49.95.
Silvercrest Asset Management Group trimmed its position in Glacier Bancorp, Inc. ($GBCI) by 6.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,420,949 shares of Glacier Bancorp, Inc. after selling 156,479 shares during the quarter. Silvercrest Asset Management Group's holdings in Glacier Bancorp, Inc. were worth $120.93 million as of its most recent filing.
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About Glacier Bancorp, Inc.
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 retail banking; business banking and mortgage origination and loan servicing services. The company also accepts deposit products, including non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal, demand deposit accounts, savings, money market deposits, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts. In addition, it offers credit risk management, construction and permanent loans on residential real estate, consumer land or lot loans, unimproved land and land development loans, construction loans, commercial real estate loans, agricultural and consumer lending, home equity loans, and states and political subdivisions lending, as well as residential builder guidance lines comprising pre-sold and spec-home construction, and lot acquisition loans. Glacier Bancorp, Inc. was founded in 1955 and is headquartered in Kalispell, Montana.
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