CEO and Board Member at Expanding Glacier Bancorp Sell Shares
The man in charge of Glacier Bancorp Inc. (NASDAQ:GBCI) and one of the company’s Board members trimmed their holdings this week. President and CEO Michael J. Blodnick discarded 100,000 shares on Wednesday at a weighted average price of $35.92 per share, cutting his overall holding to 204,543 shares. Board member James M. English liquidated 4,000 shares on Thursday at prices that fell between $36.98 and $37.00 per share. Mr. English currently holds an aggregate of 22,000 shares following the Thursday sale.
Glacier Bancorp Inc. (NASDAQ:GBCI), which provides banking services to individuals and businesses in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its wholly-owned bank subsidiary Glacier Bank, has seen the value of its shares rise by 39% since the beginning of the year. In mid-November, the company agreed to acquire TFB Bancorp Inc., the holding company for Arizona-based community bank the Foothills Bank. This acquisition represents Glacier’s 18th acquisition since 2000 and its seventh announced acquisition in the past four years. The Foothills Bank provides banking services to businesses and individuals in Arizona with four banking offices. Ken Fisher’s Fisher Asset Management reported owning 2.14 million shares of Glacier Bancorp Inc. (NASDAQ:GBCI) through the latest round of 13Fs.
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Executives at Batteries Maker Energizer Trim Holdings
Two top-tier executives at Energizer Holdings Inc. (NYSE:ENR) sold shares this week. To begin with, Mark S. LaVigne, Executive Vice President and Chief Operating Officer, discarded 35,952 shares on Tuesday at prices ranging from $44.94 to $45.62 per share. Mr. LaVigne currently owns 12,484 shares. Brian K. Hamm, Executive Vice President and Chief Financial Officer, sold out his entire stake of 29,833 shares on the same day at a weighted average price of $45.30 per share.
The manufacturer, marketer and distributor of household batteries, specialty batteries and lighting products, and designer and marketer of automotive fragrance and appearance products has seen its market capitalization increase by 30% since early January. Energizer Holdings Inc. (NYSE:ENR)’s revenue for the year that ended September totaled $1.63 billion, up a mere 0.2% year-over-year. The increase reflects the acquisition of HandStands Holding Corporation, a designer and marketer of automotive fragrance and appearance products, as well as an increase in organic sales. The increase was offset by the unfavorable impact of currency fluctuations, as well as the deconsolidation of its Venezuelan operations. Adage Capital Management, founded by Phillip Gross and Robert Atchinson, owned around 991,000 shares of Energizer Holdings Inc. (NYSE:ENR) at the end of September.
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