CANADA LIFE ASSURANCE Co Has $5.21 Million Position in Glacier Bancorp, Inc. (NASDAQ:GBCI)

CANADA LIFE ASSURANCE Co increased its stake in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,776 shares of the bank's stock after purchasing an additional 10,717 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Glacier Bancorp worth $5,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Glacier Bancorp by 65.6% during the 3rd quarter. Barclays PLC now owns 247,717 shares of the bank's stock worth $11,321,000 after acquiring an additional 98,158 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Glacier Bancorp in the fourth quarter valued at about $716,000. Raymond James Financial Inc. purchased a new stake in shares of Glacier Bancorp during the 4th quarter valued at about $9,544,000. JPMorgan Chase & Co. boosted its holdings in Glacier Bancorp by 76.0% in the 4th quarter. JPMorgan Chase & Co. now owns 561,370 shares of the bank's stock worth $28,192,000 after acquiring an additional 242,414 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Glacier Bancorp during the fourth quarter valued at approximately $281,000. Institutional investors and hedge funds own 80.17% of the company's stock.

Glacier Bancorp Price Performance

NASDAQ GBCI traded down $0.13 during trading hours on Tuesday, reaching $40.78. 67,937 shares of the company's stock were exchanged, compared to its average volume of 612,973. 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 firm has a fifty day moving average of $43.40 and a 200-day moving average of $49.12. Glacier Bancorp, Inc. has a one year low of $34.48 and a one year high of $60.67. The stock has a market cap of $4.63 billion, a PE ratio of 24.40 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its earnings results on Monday, April 28th. The bank reported $0.48 EPS for the quarter, topping the consensus estimate of $0.46 by $0.02. Glacier Bancorp had a net margin of 14.99% and a return on equity of 5.98%. During the same quarter in the previous year, the business earned $0.29 earnings per share. On average, equities research analysts predict that Glacier Bancorp, Inc. will post 2.45 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Tuesday, April 8th were paid a $0.33 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $1.32 annualized dividend and a yield of 3.24%. Glacier Bancorp's dividend payout ratio (DPR) is currently 70.97%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on GBCI shares. Piper Sandler cut their price target on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Raymond James set a $45.00 price target on shares of Glacier Bancorp in a report on Monday. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 3rd. Finally, Keefe, Bruyette & Woods cut their price objective on Glacier Bancorp from $55.00 to $50.00 and set a "market perform" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Glacier Bancorp has a consensus rating of "Hold" and an average target price of $50.50.

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.