Great West Life Assurance Co. Can acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCI – Get 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 and other institutional investors have also recently bought and sold shares of GBCI. Fifth Third Bancorp boosted its stake in Glacier Bancorp by 199.5% in the second quarter. Fifth Third Bancorp now owns 554 shares of the bank’s stock valued at $26,000 after acquiring an additional 369 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Glacier Bancorp in the second quarter valued at approximately $26,000. Quadrant Capital Group LLC boosted its stake in Glacier Bancorp by 143.0% in the second quarter. Quadrant Capital Group LLC now owns 576 shares of the bank’s stock valued at $27,000 after acquiring an additional 339 shares during the last quarter. Allworth Financial LP boosted its stake in Glacier Bancorp by 4,135.7% in the second quarter. Allworth Financial LP now owns 593 shares of the bank’s stock valued at $28,000 after acquiring an additional 579 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its stake in Glacier Bancorp by 170.5% in the second quarter. TCI Wealth Advisors Inc. now owns 614 shares of the bank’s stock valued at $29,000 after acquiring an additional 387 shares during the last quarter. 70.54% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
GBCI has been the topic of a number of recent research reports. Truist Financial reduced their price objective on shares of Glacier Bancorp from $68.00 to $62.00 in a research note on Friday, December 9th. StockNews.com cut shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Finally, Stephens lifted 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 report on Thursday, October 27th.
Glacier Bancorp Stock Performance
Glacier Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Tuesday, December 6th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, December 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.82%. Glacier Bancorp’s dividend payout ratio is 53.23%.
About Glacier Bancorp
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.
- Get a free copy of the StockNews.com research report on Glacier Bancorp (GBCI)
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