Great West Life Assurance Co. Can Acquires Shares of 75,644 Glacier Bancorp, Inc. (NASDAQ:GBCI)

Great West Life Assurance Co. Can acquired a new stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCIGet Rating) during the third quarter, HoldingsChannel reports. The fund acquired 75,644 shares of the bank’s stock, valued at approximately $3,717,000.

A number of other hedge funds have also recently modified their holdings of GBCI. State Street Corp boosted its holdings in shares of Glacier Bancorp by 7.8% during the 1st quarter. State Street Corp now owns 4,807,832 shares of the bank’s stock valued at $241,738,000 after buying an additional 346,492 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Glacier Bancorp by 433.4% during the 2nd quarter. ProShare Advisors LLC now owns 203,884 shares of the bank’s stock valued at $9,670,000 after buying an additional 165,660 shares in the last quarter. Eaton Vance Management boosted its holdings in shares of Glacier Bancorp by 19.3% during the 1st quarter. Eaton Vance Management now owns 896,974 shares of the bank’s stock valued at $45,100,000 after buying an additional 145,421 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Glacier Bancorp by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 10,944,370 shares of the bank’s stock valued at $550,283,000 after buying an additional 96,588 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Glacier Bancorp by 14.9% during the 2nd quarter. Principal Financial Group Inc. now owns 423,474 shares of the bank’s stock valued at $20,081,000 after buying an additional 55,024 shares in the last quarter. Institutional investors own 70.54% of the company’s stock.

Glacier Bancorp Stock Performance

Shares of Glacier Bancorp stock opened at $46.80 on Tuesday. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 18.87 and a beta of 0.85. The firm’s 50-day moving average is $52.13 and its 200 day moving average is $51.90. Glacier Bancorp, Inc. has a 1 year low of $44.43 and a 1 year high of $59.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.67 and a quick ratio of 0.67.

Glacier Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Tuesday, December 6th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, December 5th. Glacier Bancorp’s dividend payout ratio is currently 53.23%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GBCI shares. StockNews.com cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Stephens upped their price target on shares of Glacier Bancorp from $53.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 27th. Finally, Truist Financial dropped their price target on shares of Glacier Bancorp from $68.00 to $62.00 in a research note on Friday, December 9th.

About Glacier Bancorp

(Get Rating)

Glacier Bancorp, Inc is a bank holding company. engages in the provision of commercial banking services. The firm operates through the following segments: Residential Real Estate, Commercial Real Estate, Commercial, Home Equity, and Other Consumer. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services.

Further Reading

Want to see what other hedge funds are holding GBCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Glacier Bancorp, Inc. (NASDAQ:GBCIGet Rating).

Institutional Ownership by Quarter for Glacier Bancorp (NASDAQ:GBCI)

Receive News & Ratings for Glacier Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.