Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Sells $250,326.45 in Stock

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

Glacier Bancorp Price Performance

Shares of GBCI opened at $40.95 on Monday. The business has a 50-day moving average of $38.72 and a 200-day moving average of $38.35. Glacier Bancorp, Inc. has a 1 year low of $26.83 and a 1 year high of $46.78. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 23.40 and a beta of 0.80. 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 released its quarterly earnings results on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $306.04 million during the quarter, compared to analyst estimates of $204.43 million. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.06%. During the same quarter last year, the business earned $0.50 EPS. As a group, equities research analysts anticipate that Glacier Bancorp, Inc. will post 1.63 earnings per share for the current year.

Glacier Bancorp Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Glacier Bancorp

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in shares of Glacier Bancorp by 409.4% during the 4th quarter. Allworth Financial LP now owns 596 shares of the bank’s stock worth $25,000 after buying an additional 479 shares in the last quarter. GAMMA Investing LLC bought a new position in Glacier Bancorp during the fourth quarter worth $25,000. Allspring Global Investments Holdings LLC acquired a new stake in Glacier Bancorp in the first quarter worth $25,000. International Assets Investment Management LLC bought a new stake in Glacier Bancorp in the second quarter valued at $25,000. Finally, Headlands Technologies LLC acquired a new position in shares of Glacier Bancorp during the first quarter valued at about $50,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.