Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares Sold by Inspire Investing LLC

Inspire Investing LLC trimmed its holdings in Glacier Bancorp, Inc. (NASDAQ:GBCI) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,021 shares of the bank’s stock after selling 451 shares during the period. Inspire Investing LLC’s holdings in Glacier Bancorp were worth $412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Glacier Bancorp in the first quarter worth $25,000. International Assets Investment Management LLC acquired a new position in Glacier Bancorp during the 2nd quarter worth $25,000. Headlands Technologies LLC bought a new stake in shares of Glacier Bancorp in the 1st quarter worth about $50,000. GAMMA Investing LLC raised its stake in shares of Glacier Bancorp by 96.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,569 shares of the bank’s stock valued at $59,000 after purchasing an additional 772 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Glacier Bancorp during the second quarter worth about $207,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Glacier Bancorp news, Director Annie M. Goodwin sold 5,619 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total value of $250,326.45. Following the completion of the transaction, the director now owns 9,402 shares in the company, valued at approximately $418,859.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Don J. Chery sold 1,000 shares of Glacier Bancorp stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $45.49, for a total transaction of $45,490.00. Following the sale, the chief accounting officer now directly owns 52,539 shares in the company, valued at $2,389,999.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Annie M. Goodwin sold 5,619 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the sale, the director now directly owns 9,402 shares of the company’s stock, valued at $418,859.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Raymond James boosted their price objective on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial boosted their price target on Glacier Bancorp from $46.00 to $50.00 and gave the company a “hold” rating in a report on Friday, September 20th. Finally, Piper Sandler restated a “neutral” rating and set a $38.00 price objective on shares of Glacier Bancorp in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $44.20.

Glacier Bancorp Stock Performance

Shares of GBCI stock opened at $49.15 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $45.06 and a two-hundred day moving average of $40.72. The company has a market cap of $5.57 billion, a P/E ratio of 28.09 and a beta of 0.80. Glacier Bancorp, Inc. has a 52 week low of $28.60 and a 52 week high of $49.40.

Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $306.04 million during the quarter, compared to the consensus estimate of $204.43 million. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. During the same period in the prior year, the business earned $0.50 EPS. As a group, analysts anticipate that Glacier Bancorp, Inc. will post 1.63 EPS for the current year.

Glacier Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 2.69%. Glacier Bancorp’s dividend payout ratio is currently 75.43%.

Glacier Bancorp Profile

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.