Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Sherry Leigh Cladouhos Acquires 1,140 Shares
Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Sherry Leigh Cladouhos purchased 1,140 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were purchased at an average cost of $35.00 per share, for a total transaction of $39,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
GBCI stock opened at $35.33 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50-day simple moving average is $35.27 and its 200 day simple moving average is $37.70. Glacier Bancorp, Inc. has a 52 week low of $26.66 and a 52 week high of $46.54. The company has a market capitalization of $3.40 billion, a PE ratio of 14.93 and a beta of 1.07.
Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.16. Glacier Bancorp had a net margin of 29.49% and a return on equity of 10.82%. The business had revenue of $189.44 million for the quarter, compared to the consensus estimate of $175.17 million. On average, analysts forecast that Glacier Bancorp, Inc. will post 2.39 EPS for the current year.
Several analysts have issued reports on GBCI shares. SunTrust Banks upped their price target on shares of Glacier Bancorp from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. Zacks Investment Research downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. TheStreet downgraded shares of Glacier Bancorp from a “b-” rating to a “c+” rating in a report on Tuesday, July 14th. Finally, BidaskClub downgraded shares of Glacier Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, June 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $41.75.
Institutional investors have recently made changes to their positions in the business. Ballast Advisors LLC acquired a new stake in Glacier Bancorp during the first quarter worth about $30,000. FinTrust Capital Advisors LLC acquired a new stake in Glacier Bancorp during the first quarter worth about $32,000. Ameritas Investment Company LLC acquired a new stake in Glacier Bancorp during the first quarter worth about $34,000. Versant Capital Management Inc grew its stake in Glacier Bancorp by 1,062.4% during the first quarter. Versant Capital Management Inc now owns 1,081 shares of the bank’s stock worth $36,000 after buying an additional 988 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in Glacier Bancorp during the second quarter worth about $76,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the 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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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