Great West Life Assurance Co. Can Purchases New Holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI)

Great West Life Assurance Co. Can acquired a new stake in 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 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

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

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

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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

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

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