Argent Capital Management LLC Purchases 4,130 Shares of Glacier Bancorp, Inc. (NASDAQ:GBCI)

Argent Capital Management LLC boosted its position in shares of Glacier Bancorp, Inc. (NASDAQ:GBCI) by 60.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,913 shares of the bank’s stock after purchasing an additional 4,130 shares during the quarter. Argent Capital Management LLC’s holdings in Glacier Bancorp were worth $407,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Glacier Bancorp in the 4th quarter valued at $25,000. Allspring Global Investments Holdings LLC acquired a new position in Glacier Bancorp in the first quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Glacier Bancorp in the first quarter worth about $50,000. Signaturefd LLC raised its position in shares of Glacier Bancorp by 51.9% during the fourth quarter. Signaturefd LLC now owns 3,727 shares of the bank’s stock worth $154,000 after purchasing an additional 1,274 shares during the period. Finally, TFO Wealth Partners LLC lifted its holdings in shares of Glacier Bancorp by 66,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,972 shares of the bank’s stock valued at $164,000 after purchasing an additional 3,966 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler lowered their target price on Glacier Bancorp from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, August 13th. StockNews.com upgraded shares of Glacier Bancorp to a “sell” rating in a report on Thursday, June 6th. Finally, Truist Financial upped their target price on shares of Glacier Bancorp from $38.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.00.

Glacier Bancorp Stock Up 6.2 %

GBCI traded up $2.75 during trading hours on Friday, hitting $46.97. 949,483 shares of the company’s stock were exchanged, compared to its average volume of 648,420. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.82. Glacier Bancorp, Inc. has a 1-year low of $26.83 and a 1-year high of $47.58. The stock’s 50-day moving average is $40.66 and its two-hundred day moving average is $38.66. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 26.84 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The company had revenue of $306.04 million during the quarter, compared to analysts’ expectations of $204.43 million. During the same quarter last year, the company earned $0.50 EPS. Sell-side analysts predict that Glacier Bancorp, Inc. will post 1.63 earnings per share for the current fiscal year.

Glacier Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio is currently 75.43%.

Insider Activity

In other Glacier Bancorp news, Director Annie M. Goodwin sold 5,619 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the sale, the director now directly owns 9,402 shares of the company’s stock, valued at $418,859.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Glacier Bancorp news, CAO Don J. Chery sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at approximately $2,389,999.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Annie M. Goodwin sold 5,619 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the completion of the transaction, the director now owns 9,402 shares in the company, valued at $418,859.10. The disclosure for this sale can be found here. 0.44% of the stock is currently owned by insiders.

Glacier Bancorp Company 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.