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Trade Alert: The Independent Director Of Glacier Bancorp, Inc. (NYSE:GBCI), David Boyles, Has Just Spent US$51k Buying 3.2% More Shares

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Whilst it may not be a huge deal, we thought it was good to see that the Glacier Bancorp, Inc. (NYSE:GBCI) Independent Director, David Boyles, recently bought US$51k worth of stock, for US$51.09 per share. Although the purchase is not a big one, increasing their shareholding by only 3.2%, it can be interpreted as a good sign.

See our latest analysis for Glacier Bancorp

The Last 12 Months Of Insider Transactions At Glacier Bancorp

The Independent Chairman of the Board Craig Langel made the biggest insider purchase in the last 12 months. That single transaction was for US$773k worth of shares at a price of US$51.55 each. That means that an insider was happy to buy shares at above the current price of US$51.08. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We always take careful note of the price insiders pay when purchasing shares. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

While Glacier Bancorp insiders bought shares during the last year, they didn't sell. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

insider-trading-volume
insider-trading-volume

There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).

Does Glacier Bancorp Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.4% of Glacier Bancorp shares, worth about US$25m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Glacier Bancorp Tell Us?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Glacier Bancorp we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Glacier Bancorp has 1 warning sign and it would be unwise to ignore it.

But note: Glacier Bancorp may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.