Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Sherry Leigh Cladouhos bought 1,140 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was purchased at an average price of $35.00 per share, with a total value of $39,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of GBCI opened at $35.31 on Friday. Glacier Bancorp, Inc. has a 1 year low of $26.66 and a 1 year high of $46.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 14.77 and a beta of 1.07. The business has a 50-day moving average of $35.09 and a 200-day moving average of $37.65.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.16. Glacier Bancorp had a return on equity of 10.82% and a net margin of 29.49%. The company had revenue of $189.44 million during the quarter, compared to the consensus estimate of $175.17 million. As a group, sell-side analysts anticipate that Glacier Bancorp, Inc. will post 2.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Tuesday, July 7th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.29%. Glacier Bancorp’s dividend payout ratio (DPR) is 48.74%.
Several equities analysts have commented on GBCI shares. SunTrust Banks increased their target price on Glacier Bancorp from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. BidaskClub downgraded Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, June 26th. TheStreet downgraded Glacier Bancorp from a “b-” rating to a “c+” rating in a research report on Tuesday, July 14th. Finally, Zacks Investment Research downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 9th. One equities research 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. The company currently has an average rating of “Hold” and a consensus target price of $41.75.
Several institutional investors and hedge funds have recently modified their holdings of the company. PAX Financial Group LLC raised its position in shares of Glacier Bancorp by 2.9% during the second quarter. PAX Financial Group LLC now owns 11,399 shares of the bank’s stock worth $402,000 after acquiring an additional 320 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Glacier Bancorp by 2.8% during the first quarter. Victory Capital Management Inc. now owns 14,200 shares of the bank’s stock worth $483,000 after acquiring an additional 393 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Glacier Bancorp by 2.0% in the second quarter. Nisa Investment Advisors LLC now owns 20,855 shares of the bank’s stock valued at $736,000 after buying an additional 400 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Glacier Bancorp by 13.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 3,709 shares of the bank’s stock valued at $126,000 after buying an additional 436 shares during the period. Finally, Brinker Capital Inc. raised its stake in shares of Glacier Bancorp by 2.2% in the fourth quarter. Brinker Capital Inc. now owns 21,162 shares of the bank’s stock valued at $973,000 after buying an additional 457 shares during the period. Institutional investors own 72.13% of the company’s stock.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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