Craig Langel Is The Independent Chairman of the Board of Glacier Bancorp, Inc. (NYSE:GBCI) And They Just Picked Up 4.5% More Shares
Potential Glacier Bancorp, Inc. (NYSE:GBCI) shareholders may wish to note that the Independent Chairman of the Board, Craig Langel, recently bought US$152k worth of stock, paying US$40.50 for each share. Although the purchase only increased their holding by 4.5%, it is still a solid purchase in our view.
Check out our latest analysis for Glacier Bancorp
Glacier Bancorp Insider Transactions Over The Last Year
In fact, the recent purchase by Craig Langel was the biggest purchase of Glacier Bancorp shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is US$40.89. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Glacier Bancorp share holders is that an insider was buying at near the current price. The only individual insider to buy over the last year was Craig Langel.
Craig Langel purchased 5.00k shares over the year. The average price per share was US$40.21. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
Glacier Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.5% of Glacier Bancorp shares, worth about US$21m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Glacier Bancorp Insiders?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Glacier Bancorp insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example - Glacier Bancorp has 1 warning sign we think you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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