Glacier Bancorp (NASDAQ:GBCI) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Glacier Bancorp, Inc. (NASDAQ:GBCI). In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Glacier Bancorp stock on December 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
• Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
• Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
• Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Glacier Bancorp Stock Performance

NASDAQ:GBCI traded down $1.04 on Thursday, hitting $49.91. The company’s stock had a trading volume of 255,967 shares, compared to its average volume of 568,663. Glacier Bancorp, Inc. has a one year low of $34.35 and a one year high of $60.67. The firm has a market capitalization of $5.66 billion, a P/E ratio of 30.74 and a beta of 0.81. The stock has a fifty day moving average of $54.03 and a two-hundred day moving average of $47.88. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62.

Glacier Bancorp (NASDAQ:GBCI) last posted its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The business had revenue of $324.28 million for the quarter, compared to analysts’ expectations of $212.57 million. During the same quarter in the prior year, the business earned $0.47 EPS. Research analysts predict that Glacier Bancorp, Inc. will post 1.73 earnings per share for the current year.

Glacier Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, December 10th. Glacier Bancorp’s payout ratio is currently 81.48%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Raymond James reiterated an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research note on Wednesday. Truist Financial upped their target price on Glacier Bancorp from $50.00 to $53.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Piper Sandler lifted their price target on Glacier Bancorp from $56.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on Glacier Bancorp from $50.00 to $62.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Hedge Funds Weigh In On Glacier Bancorp

A number of hedge funds have recently added to or reduced their stakes in GBCI. Pacer Advisors Inc. lifted its position in shares of Glacier Bancorp by 2.6% during the 2nd quarter. Pacer Advisors Inc. now owns 16,943 shares of the bank’s stock valued at $632,000 after acquiring an additional 427 shares during the period. Cladis Investment Advisory LLC grew its stake in Glacier Bancorp by 1.6% during the third quarter. Cladis Investment Advisory LLC now owns 32,698 shares of the bank’s stock worth $1,494,000 after buying an additional 500 shares in the last quarter. HighTower Advisors LLC increased its holdings in Glacier Bancorp by 9.4% in the 3rd quarter. HighTower Advisors LLC now owns 5,882 shares of the bank’s stock valued at $277,000 after buying an additional 507 shares during the period. GAMMA Investing LLC raised its position in shares of Glacier Bancorp by 20.9% in the 4th quarter. GAMMA Investing LLC now owns 3,042 shares of the bank’s stock valued at $153,000 after buying an additional 526 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Glacier Bancorp by 0.3% during the 3rd quarter. Stifel Financial Corp now owns 203,566 shares of the bank’s stock worth $9,303,000 after acquiring an additional 582 shares during the period. Institutional investors own 80.17% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.