Glacier Bancorp Inc. (GBCI) Director Craig A. Langel Sells 3,000 Shares of Stock
Glacier Bancorp Inc. (NASDAQ:GBCI) Director Craig A. Langel sold 3,000 shares of Glacier Bancorp stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $33.28, for a total value of $99,840.00. Following the transaction, the director now owns 59,729 shares of the company’s stock, valued at approximately $1,987,781.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Glacier Bancorp Inc. (NASDAQ:GBCI) traded up 1.69% during midday trading on Friday, reaching $33.77. The company had a trading volume of 177,586 shares. Glacier Bancorp Inc. has a 1-year low of $21.90 and a 1-year high of $33.85. The stock has a market capitalization of $2.58 billion, a PE ratio of 21.51 and a beta of 1.34. The firm’s 50 day moving average is $28.96 and its 200 day moving average is $27.79.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.02. Glacier Bancorp had a net margin of 26.97% and a return on equity of 10.77%. On average, equities analysts anticipate that Glacier Bancorp Inc. will post $1.60 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, December 6th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.80 annualized dividend and a yield of 2.41%. Glacier Bancorp’s dividend payout ratio is presently 50.96%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG boosted its stake in shares of Glacier Bancorp by 8.2% in the third quarter. Credit Suisse AG now owns 67,740 shares of the company’s stock worth $1,932,000 after buying an additional 5,106 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Glacier Bancorp during the third quarter worth approximately $356,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Glacier Bancorp during the third quarter worth approximately $282,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Glacier Bancorp during the third quarter worth approximately $49,268,000. Finally, HighTower Advisors LLC boosted its stake in shares of Glacier Bancorp by 0.7% in the third quarter. HighTower Advisors LLC now owns 13,985 shares of the company’s stock worth $399,000 after buying an additional 97 shares during the last quarter. Institutional investors own 76.36% of the company’s stock.
A number of research firms have recently commented on GBCI. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. FIG Partners cut Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $27.25.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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