Glacier Bancorp, Inc. (NASDAQ:GBCI) Director James M. English sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $36.65, for a total transaction of $91,625.00. Following the completion of the transaction, the director now directly owns 20,181 shares of the company’s stock, valued at approximately $739,633.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up 0.25% during midday trading on Friday, hitting $36.51. 1,292,346 shares of the stock were exchanged. Glacier Bancorp, Inc. has a 1-year low of $24.58 and a 1-year high of $38.17. The company has a market capitalization of $2.80 billion, a P/E ratio of 22.55 and a beta of 1.48. The firm has a 50-day moving average of $34.07 and a 200-day moving average of $34.95.
Glacier Bancorp (NASDAQ:GBCI) last posted its earnings results on Thursday, April 20th. The bank reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. Glacier Bancorp had a net margin of 27.12% and a return on equity of 10.94%. The firm had revenue of $105.95 million during the quarter, compared to analyst estimates of $112.10 million. During the same period last year, the firm posted $0.38 earnings per share. On average, equities analysts expect that Glacier Bancorp, Inc. will post $1.77 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of GBCI. Tudor Investment Corp ET AL acquired a new position in Glacier Bancorp during the first quarter worth $354,000. Westwood Holdings Group Inc. raised its position in Glacier Bancorp by 7.7% in the first quarter. Westwood Holdings Group Inc. now owns 410,320 shares of the bank’s stock worth $13,922,000 after buying an additional 29,390 shares during the period. Highbridge Capital Management LLC raised its position in Glacier Bancorp by 6.6% in the first quarter. Highbridge Capital Management LLC now owns 8,011 shares of the bank’s stock worth $272,000 after buying an additional 496 shares during the period. State Street Corp raised its position in Glacier Bancorp by 25.8% in the first quarter. State Street Corp now owns 3,003,305 shares of the bank’s stock worth $101,899,000 after buying an additional 615,216 shares during the period. Finally, Bank of America Corp DE raised its position in Glacier Bancorp by 25.1% in the first quarter. Bank of America Corp DE now owns 278,638 shares of the bank’s stock worth $9,454,000 after buying an additional 55,989 shares during the period. 80.50% of the stock is owned by hedge funds and other institutional investors.
GBCI has been the subject of a number of research reports. Zacks Investment Research raised shares of Glacier Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, April 3rd. BidaskClub raised shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Jaffray Companies cut their price target on shares of Glacier Bancorp from $35.00 to $34.00 and set a “neutral” rating for the company in a research note on Monday, April 17th.
Glacier Bancorp Company Profile
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It 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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