Craig Langel Purchases 2,250 Shares of Glacier Bancorp (NYSE:GBCI) Stock

Glacier Bancorp, Inc. (NYSE:GBCI) Chairman Craig Langel acquired 2,250 shares of Glacier Bancorp stock in a transaction on Friday, August 28th. The stock was acquired at an average price of $47.04 per share, with a total value of $105,840.00. Following the purchase, the chairman directly owned 98,684 shares in the company, valued at approximately $4,642,095.36. This trade represents a 2.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Glacier Bancorp Trading Down 2.1%

NYSE GBCI opened at $45.33 on Wednesday. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 18.58 and a beta of 0.72. Glacier Bancorp, Inc. has a one year low of $39.90 and a one year high of $54.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.84 and a quick ratio of 0.84. The business’s fifty day moving average is $50.01 and its 200-day moving average is $48.18.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The company had revenue of $320.94 million during the quarter. During the same quarter in the previous year, the company posted $0.57 EPS. Equities research analysts predict that Glacier Bancorp, Inc. will post 3.11 EPS for the current year.

Glacier Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, July 7th. Glacier Bancorp’s payout ratio is presently 54.10%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. raised its holdings in Glacier Bancorp by 33.9% during the 1st quarter. Assetmark Inc. now owns 813 shares of the company’s stock valued at $36,000 after acquiring an additional 206 shares during the period. Front Street Capital Management Inc. boosted its holdings in shares of Glacier Bancorp by 1.1% in the fourth quarter. Front Street Capital Management Inc. now owns 19,335 shares of the company’s stock worth $852,000 after acquiring an additional 213 shares during the period. MML Investors Services LLC boosted its holdings in shares of Glacier Bancorp by 4.6% in the fourth quarter. MML Investors Services LLC now owns 5,047 shares of the company’s stock worth $222,000 after acquiring an additional 221 shares during the period. Global Retirement Partners LLC grew its position in shares of Glacier Bancorp by 41.2% in the fourth quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock valued at $34,000 after purchasing an additional 223 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Glacier Bancorp by 1.2% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 19,413 shares of the company’s stock valued at $855,000 after purchasing an additional 225 shares in the last quarter. 80.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and set a $58.00 price target on shares of Glacier Bancorp in a research note on Monday, July 27th. Weiss Ratings upgraded Glacier Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Glacier Bancorp has an average rating of “Moderate Buy” and an average price target of $55.17.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.