Glacier Bancorp, Inc. Announces Quarterly Dividend of $0.33 (NYSE:GBCI)

Glacier Bancorp, Inc. (NYSE:GBCI) declared a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.33 per share on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, July 7th.

Glacier Bancorp has decreased its dividend payment by an average of 0.0%annually over the last three years. Glacier Bancorp has a payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Glacier Bancorp to earn $3.60 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 36.7%.

Glacier Bancorp Stock Up 1.5%

GBCI stock opened at $49.68 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.47 billion, a PE ratio of 23.21 and a beta of 0.74. Glacier Bancorp has a 1-year low of $39.90 and a 1-year high of $53.99. The business’s 50 day simple moving average is $48.08 and its 200 day simple moving average is $47.17.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The business had revenue of $309.61 million for the quarter. During the same quarter last year, the company posted $0.48 EPS. As a group, research analysts anticipate that Glacier Bancorp will post 3.16 EPS for the current year.

Wall Street Analyst Weigh In

GBCI has been the topic of several research reports. Piper Sandler upped their price objective on shares of Glacier Bancorp from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, April 27th. DA Davidson raised their target price on shares of Glacier Bancorp from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Stephens lifted their target price on shares of Glacier Bancorp from $52.00 to $54.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings raised shares of Glacier Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Glacier Bancorp currently has an average rating of “Hold” and a consensus target price of $55.17.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.