Insider Selling: Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Sells 5,619 Shares of Stock

Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Annie M. Goodwin sold 5,619 shares of Glacier Bancorp stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the sale, the director now owns 9,402 shares in the company, valued at $418,859.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Glacier Bancorp Trading Down 3.6 %

Shares of GBCI stock opened at $40.95 on Monday. The company has a market cap of $4.64 billion, a PE ratio of 23.40 and a beta of 0.80. Glacier Bancorp, Inc. has a 1 year low of $26.83 and a 1 year high of $46.78. The stock’s 50 day simple moving average is $38.72 and its two-hundred day simple moving average is $38.35. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.81 and a quick ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The company had revenue of $306.04 million during the quarter, compared to the consensus estimate of $204.43 million. During the same period last year, the company earned $0.50 earnings per share. Research analysts predict that Glacier Bancorp, Inc. will post 1.63 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Tuesday, July 9th. Glacier Bancorp’s payout ratio is currently 75.43%.

Analyst Ratings Changes

GBCI has been the subject of a number of research analyst reports. Stephens cut their price objective on Glacier Bancorp from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 23rd. Truist Financial raised their price target on Glacier Bancorp from $38.00 to $46.00 and gave the company a “hold” rating in a report on Monday, July 22nd. DA Davidson decreased their price objective on Glacier Bancorp from $48.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Finally, StockNews.com raised shares of Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Glacier Bancorp presently has an average rating of “Hold” and an average target price of $44.25.

Institutional Trading of Glacier Bancorp

A number of large investors have recently made changes to their positions in the stock. Allworth Financial LP grew its stake in Glacier Bancorp by 409.4% in the 4th quarter. Allworth Financial LP now owns 596 shares of the bank’s stock worth $25,000 after acquiring an additional 479 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Glacier Bancorp during the 4th quarter worth $25,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Glacier Bancorp during the first quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in shares of Glacier Bancorp in the second quarter valued at about $25,000. Finally, Headlands Technologies LLC purchased a new stake in Glacier Bancorp in the first quarter worth about $50,000. 80.17% of the stock is owned by hedge funds and other institutional investors.

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.