Great West Life Assurance Co. Can Takes $3.72 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)


Great West Life Assurance Co. Can acquired a new stake in Glacier Bancorp, Inc. (NASDAQ:GBCIGet Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 75,644 shares of the bank’s stock, valued at approximately $3,717,000. Great West Life Assurance Co. Can owned 0.07% of Glacier Bancorp at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GBCI. Resonant Capital Advisors LLC lifted its position in Glacier Bancorp by 2.1% during the third quarter. Resonant Capital Advisors LLC now owns 9,616 shares of the bank’s stock valued at $472,000 after purchasing an additional 197 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Glacier Bancorp by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 15,197 shares of the bank’s stock valued at $720,000 after purchasing an additional 207 shares during the last quarter. Securian Asset Management Inc. lifted its position in Glacier Bancorp by 2.2% during the third quarter. Securian Asset Management Inc. now owns 10,114 shares of the bank’s stock valued at $497,000 after purchasing an additional 219 shares during the last quarter. Trek Financial LLC lifted its position in Glacier Bancorp by 0.6% during the second quarter. Trek Financial LLC now owns 34,869 shares of the bank’s stock valued at $1,653,000 after purchasing an additional 224 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Glacier Bancorp by 9.7% during the second quarter. Van ECK Associates Corp now owns 2,751 shares of the bank’s stock valued at $130,000 after purchasing an additional 243 shares during the last quarter. 70.54% of the stock is currently owned by institutional investors.

Glacier Bancorp Stock Performance

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

Glacier Bancorp Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GBCI. Stephens lifted their target price on shares of Glacier Bancorp from $53.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. StockNews.com downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 10th. Finally, Truist Financial decreased their price target on shares of Glacier Bancorp from $68.00 to $62.00 in a research note on Friday, December 9th.

Glacier Bancorp Profile

(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

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.

Source Link

Leave a Comment

We Are Prowdly Hosted On

Get 20% Off By Using Our Referral Code - 1SUBODHKAUS10