Glacier Bancorp, Inc. (GBCI) Director Michael J. Blodnick Sells 45,060 Shares of Stock
Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Michael J. Blodnick sold 45,060 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $37.88, for a total value of $1,706,872.80. Following the completion of the sale, the director now owns 27,576 shares in the company, valued at approximately $1,044,578.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) traded up $0.09 during trading on Friday, hitting $37.95. The company’s stock had a trading volume of 269,039 shares, compared to its average volume of 340,094. Glacier Bancorp, Inc. has a fifty-two week low of $27.31 and a fifty-two week high of $38.49. The firm has a market capitalization of $2.96 billion, a PE ratio of 22.33, a P/E/G ratio of 2.16 and a beta of 1.45. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.24.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, October 19th. The bank reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Glacier Bancorp had a return on equity of 11.35% and a net margin of 27.69%. The business had revenue of $120.00 million during the quarter, compared to analysts’ expectations of $121.07 million. equities analysts forecast that Glacier Bancorp, Inc. will post 1.78 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in GBCI. LS Investment Advisors LLC raised its holdings in shares of Glacier Bancorp by 4.9% during the second quarter. LS Investment Advisors LLC now owns 2,864 shares of the bank’s stock valued at $105,000 after acquiring an additional 134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Glacier Bancorp by 9.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,173 shares of the bank’s stock valued at $116,000 after purchasing an additional 283 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Glacier Bancorp by 34.4% in the second quarter. PNC Financial Services Group Inc. now owns 3,698 shares of the bank’s stock valued at $135,000 after purchasing an additional 947 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Glacier Bancorp by 23.7% in the second quarter. Advisor Group Inc. now owns 3,884 shares of the bank’s stock valued at $142,000 after purchasing an additional 744 shares during the last quarter. Finally, Fiduciary Trust Co. acquired a new stake in shares of Glacier Bancorp in the second quarter valued at approximately $183,000. 81.17% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on GBCI. Piper Jaffray Companies restated a “hold” rating and issued a $37.00 target price on shares of Glacier Bancorp in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods set a $36.00 price target on Glacier Bancorp and gave the stock a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Finally, BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.33.
About Glacier Bancorp
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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