Bank of America increases holdings in Globe Life and Glacier Bancorp

Bank of America Corp DE has significantly expanded its institutional holdings in two different companies through recent filings.

In its second-quarter 13F filing, Bank of America reported the purchase of 680,759 shares of Globe Life Inc., a position valued at approximately $121,638,000. This acquisition brings the bank's ownership of Globe Life to roughly 0.89%.

Additionally, Bank of America Corp DE acquired 1,215,951 shares of Glacier Bancorp. This move follows reports of strong fundamentals for the regional bank specialist. Analysts currently maintain a ‘Moderate Buy’ rating on Glacier Bancorp, with a consensus price target of $55.17, suggesting potential upside from recent trading levels.