CANADA LIFE ASSURANCE Co Acquires 10,717 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 103,776 shares of the bank's stock after acquiring an additional 10,717 shares during the period. CANADA LIFE ASSURANCE Co owned 0.09% of Glacier Bancorp worth $5,213,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Glacier Bancorp by 65.6% in the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock valued at $11,321,000 after buying an additional 98,158 shares during the period. Synovus Financial Corp grew its stake in Glacier Bancorp by 79.2% in the third quarter. Synovus Financial Corp now owns 32,484 shares of the bank's stock valued at $1,485,000 after acquiring an additional 14,359 shares during the period. GAMMA Investing LLC raised its position in shares of Glacier Bancorp by 20.9% during the fourth quarter. GAMMA Investing LLC now owns 3,042 shares of the bank's stock worth $153,000 after purchasing an additional 526 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of Glacier Bancorp during the fourth quarter worth about $273,000. Finally, Argent Capital Management LLC grew its position in shares of Glacier Bancorp by 38.6% in the 4th quarter. Argent Capital Management LLC now owns 17,411 shares of the bank's stock valued at $874,000 after purchasing an additional 4,853 shares during the period. Institutional investors own 80.17% of the company's stock.

Glacier Bancorp Stock Down 4.2 %

Shares of Glacier Bancorp stock traded down $1.81 during trading hours on Friday, reaching $40.81. 962,465 shares of the company's stock were exchanged, compared to its average volume of 615,543. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average of $43.58 and a two-hundred day moving average of $49.13. The stock has a market cap of $4.63 billion, a P/E ratio of 24.44 and a beta of 0.80. Glacier Bancorp, Inc. has a fifty-two week low of $34.48 and a fifty-two week high of $60.67.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Tuesday, April 8th. Glacier Bancorp's dividend payout ratio is currently 79.04%.

Wall Street Analysts Forecast Growth

Several analysts have commented on GBCI shares. Piper Sandler dropped their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Raymond James reaffirmed an "outperform" rating and issued a $55.00 price objective (up from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Stephens raised Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $56.00.

Glacier Bancorp Company Profile

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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.