Glacier Bancorp, Inc. (NASDAQ:GBCI) Director Michael J. Blodnick sold 45,060 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $37.88, for a total transaction of $1,706,872.80. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Glacier Bancorp, Inc. (NASDAQ GBCI) traded up $0.09 during trading on Friday, reaching $37.95. 269,039 shares of the company traded hands, compared to its average volume of 323,387. The stock has a market capitalization of $3.00 billion, a PE ratio of 22.33 and a beta of 1.45.

Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. The firm had revenue of $120.00 million for the quarter, compared to the consensus estimate of $121.07 million. equities analysts anticipate that Glacier Bancorp, Inc. will post 1.78 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in Glacier Bancorp by 86.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 44,903 shares of the bank’s stock worth $1,696,000 after buying an additional 20,778 shares during the period. Jaffetilchin Investment Partners LLC purchased a new stake in Glacier Bancorp during the 3rd quarter worth $320,000. Principal Financial Group Inc. increased its stake in Glacier Bancorp by 1.2% during the 3rd quarter. Principal Financial Group Inc. now owns 600,580 shares of the bank’s stock worth $22,678,000 after buying an additional 7,108 shares during the period. Chicago Equity Partners LLC increased its stake in Glacier Bancorp by 10.6% during the 3rd quarter. Chicago Equity Partners LLC now owns 24,040 shares of the bank’s stock worth $908,000 after buying an additional 2,300 shares during the period. Finally, NJ State Employees Deferred Compensation Plan increased its stake in Glacier Bancorp by 20.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the bank’s stock worth $680,000 after buying an additional 3,000 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. SunTrust Banks, Inc. set a $41.00 price target on shares of Glacier Bancorp and gave the company a “buy” rating in a report on Saturday, October 21st. Piper Jaffray Companies set a $38.00 price target on shares of Glacier Bancorp and gave the company a “hold” rating in a report on Saturday, October 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price target on shares of Glacier Bancorp in a report on Friday, September 29th. Finally, BidaskClub downgraded shares of Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Glacier Bancorp has a consensus rating of “Hold” and an average target price of $38.33.

Glacier Bancorp Company Profile

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.

Insider Buying and Selling by Quarter for Glacier Bancorp (NASDAQ:GBCI)

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