Insider Selling: Glacier Bancorp Director Sells 28,000 Shares of Stock (GBCI)
Glacier Bancorp (NASDAQ:GBCI) Director Allen J. Fetscher sold 28,000 shares of Glacier Bancorp stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $25.25, for a total value of $707,000.00. Following the completion of the transaction, the director now directly owns 48,164 shares in the company, valued at approximately $1,216,141. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Glacier Bancorp (NASDAQ:GBCI) traded down 0.16% during mid-day trading on Wednesday, hitting $25.56. 422,576 shares of the company’s stock traded hands. Glacier Bancorp has a 52-week low of $15.82 and a 52-week high of $30.88. The stock has a 50-day moving average of $28.86 and a 200-day moving average of $26.66. The company has a market cap of $1.901 billion and a P/E ratio of 19.59.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, January 23rd. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.39 by $0.03. During the same quarter last year, the company posted $0.29 earnings per share. On average, analysts predict that Glacier Bancorp will post $1.54 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Glacier Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $33.90 price target on the stock. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $27.58.
Glacier Bancorp, Inc is a regional multi-bank holding company. As of December 31, 2012, the Company provided commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
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