Rep. Josh Gottheimer Sells Glacier Bancorp, Inc. (NASDAQ:GBCI) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Glacier Bancorp, Inc. NASDAQ: GBCI. In a filing disclosed on January 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Glacier Bancorp stock on December 6th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

Glacier Bancorp Stock Performance

Glacier Bancorp stock traded down $0.73 during midday trading on Thursday, reaching $50.22. The stock had a trading volume of 541,748 shares, compared to its average volume of 598,055. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $5.69 billion, a PE ratio of 31.00 and a beta of 0.81. Glacier Bancorp, Inc. has a 12 month low of $34.35 and a 12 month high of $60.67. The firm's 50-day moving average price is $53.89 and its 200 day moving average price is $47.90.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.03. Glacier Bancorp had a net margin of 14.69% and a return on equity of 5.84%. The company had revenue of $324.28 million for the quarter, compared to analysts' expectations of $212.57 million. During the same period in the prior year, the company posted $0.47 EPS. As a group, research analysts predict that Glacier Bancorp, Inc. will post 1.73 earnings per share for the current fiscal year.

Glacier Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, December 10th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, December 10th. Glacier Bancorp's dividend payout ratio (DPR) is currently 81.48%.

Wall Street Analyst Weigh In

GBCI has been the subject of a number of analyst reports. Raymond James reaffirmed an "outperform" rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday. Truist Financial raised their target price on Glacier Bancorp from $50.00 to $53.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods upped their price target on Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on shares of Glacier Bancorp from $56.00 to $57.00 and gave the company a "neutral" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Glacier Bancorp currently has an average rating of "Hold" and an average price target of $52.00.

Hedge Funds Weigh In On Glacier Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Glacier Bancorp by 60.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,516 shares of the bank's stock valued at $115,000 after buying an additional 947 shares in the last quarter. Venturi Wealth Management LLC raised its position in Glacier Bancorp by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 2,995 shares of the bank's stock valued at $137,000 after purchasing an additional 927 shares in the last quarter. Wolverine Trading LLC bought a new stake in Glacier Bancorp during the third quarter worth about $205,000. Park Avenue Securities LLC purchased a new position in shares of Glacier Bancorp in the 4th quarter worth about $273,000. Finally, Paloma Partners Management Co purchased a new position in shares of Glacier Bancorp in the 3rd quarter worth about $250,000. Hedge funds and other institutional investors own 80.17% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.