Glacier Bancorp Inc. (GBCI) Insider Don J. Chery Sells 3,000 Shares
Glacier Bancorp Inc. (NASDAQ:GBCI) insider Don J. Chery sold 3,000 shares of Glacier Bancorp stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $33.26, for a total value of $99,780.00. Following the transaction, the insider now owns 40,166 shares of the company’s stock, valued at approximately $1,335,921.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Glacier Bancorp Inc. (NASDAQ:GBCI) traded up 1.69% during trading on Friday, hitting $33.77. The company had a trading volume of 177,586 shares. Glacier Bancorp Inc. has a 52-week low of $21.90 and a 52-week high of $33.85. The firm has a market capitalization of $2.58 billion, a P/E ratio of 21.51 and a beta of 1.34. The stock’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%. Equities research analysts predict that Glacier Bancorp Inc. will post $1.60 earnings per share 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 GBCI. Pacad Investment Ltd. bought a new position in Glacier Bancorp during the second quarter valued at about $100,000. Riverhead Capital Management LLC increased its position in Glacier Bancorp by 34.9% in the third quarter. Riverhead Capital Management LLC now owns 3,800 shares of the company’s stock valued at $108,000 after buying an additional 984 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Glacier Bancorp during the second quarter valued at about $102,000. Bank of Montreal Can bought a new position in Glacier Bancorp during the second quarter valued at about $117,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Glacier Bancorp during the second quarter valued at about $120,000. Institutional investors own 76.36% of the company’s stock.
GBCI has been the subject of a number of recent research reports. Zacks Investment Research upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. FIG Partners lowered Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.25.
Glacier Bancorp Company Profile
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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