Glacier Bancorp, Inc. (NASDAQ:GBCI) Director James M. English sold 5,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $41.01, for a total value of $205,050.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Glacier Bancorp, Inc. (GBCI) opened at $40.17 on Thursday. Glacier Bancorp, Inc. has a 52 week low of $31.38 and a 52 week high of $41.24. The firm has a market capitalization of $3,253.66, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Glacier Bancorp had a return on equity of 11.46% and a net margin of 23.88%. The business had revenue of $117.54 million for the quarter, compared to analysts’ expectations of $122.23 million. sell-side analysts expect that Glacier Bancorp, Inc. will post 2.25 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Glacier Bancorp by 11.0% during the 3rd quarter. Wells Fargo & Company MN now owns 304,006 shares of the bank’s stock worth $11,479,000 after purchasing an additional 30,019 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Glacier Bancorp by 7.0% during the 4th quarter. GW&K Investment Management LLC now owns 1,308,244 shares of the bank’s stock worth $51,532,000 after purchasing an additional 85,261 shares during the period. Dearborn Partners LLC lifted its stake in shares of Glacier Bancorp by 1.1% during the 3rd quarter. Dearborn Partners LLC now owns 499,817 shares of the bank’s stock worth $18,873,000 after purchasing an additional 5,286 shares during the period. Commerce Bank lifted its stake in shares of Glacier Bancorp by 32.4% during the 3rd quarter. Commerce Bank now owns 14,420 shares of the bank’s stock worth $545,000 after purchasing an additional 3,525 shares during the period. Finally, Yellowstone Partners LLC purchased a new position in shares of Glacier Bancorp during the 3rd quarter worth $1,161,000. 81.75% of the stock is currently owned by institutional investors.
GBCI has been the topic of a number of analyst reports. Zacks Investment Research cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. SunTrust Banks reiterated a “buy” rating and set a $43.00 target price on shares of Glacier Bancorp in a report on Tuesday, January 9th. BidaskClub cut Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $41.00 target price on shares of Glacier Bancorp in a report on Friday, December 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Glacier Bancorp presently has a consensus rating of “Hold” and a consensus target price of $41.25.
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About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 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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