Glacier Bancorp, Inc. (NYSE: GBCI) is 12.66% higher on its value in year-to-date trading and has touched a low of $26.83 and a high of $47.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GBCI stock was last observed hovering at around $46.52 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $46.55, the stock is 8.03% and 13.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 0.06% at the moment leaves the stock 20.47% off its SMA200. GBCI registered 51.48% gain for a year compared to 6-month gain of 29.31%.
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The stock witnessed a 4.09% loss in the last 1 month and extending the period to 3 months gives it a 29.41%, and is 6.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.01% over the week and 3.09% over the month.
Glacier Bancorp, Inc. (GBCI) has around 3294 employees, a market worth around $5.28B and $1.21B in sales. Current P/E ratio is 28.27 and Fwd P/E is 20.94. Profit margin for the company is 15.16%. Distance from 52-week low is 73.47% and -2.43% from its 52-week high. The company has generated returns on investments over the last 12 months (5.43%).
The EPS is expected to shrink by -20.90% this year
410.0 institutions hold shares in Glacier Bancorp, Inc. (GBCI), with institutional investors hold 83.61% of the company’s shares. The shares outstanding are 113.39M, and float is at 112.85M with Short Float at 4.43%. Institutions hold 83.21% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.13 million shares valued at $564.72 million. The investor’s holdings represent 13.4516 of the GBCI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 11.91 million shares valued at $444.41 million to account for 10.5857 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.3 million shares representing 4.7129 and valued at over $197.86 million, while COOKE & BIELER LP holds 3.7789 of the shares totaling 4.25 million with a market value of $158.65 million.
Glacier Bancorp, Inc. (GBCI) Insider Activity
The most recent transaction is an insider sale by Goodwin Annie M., the company’s Director. SEC filings show that Goodwin Annie M. sold 5,619 shares of the company’s common stock on Jul 31 ’24 at a price of $44.55 per share for a total of $0.25 million. Following the sale, the insider now owns 9402.0 shares.
Still, SEC filings show that on Jul 25 ’24, Chery Don J. (EXECUTIVE VICE PRESIDENT/CAO) disposed off 1,000 shares at an average price of $45.49 for $45490.0. The insider now directly holds 52,539 shares of Glacier Bancorp, Inc. (GBCI).
