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.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.29 per share. The ex-dividend date was Monday, July 6th. This represents a $1.16 dividend on an annualized basis and a yield of 3.28%. Glacier Bancorp’s payout ratio is 48.74%.

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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