Glacier Bancorp, Inc. (NYSE:GBCI) Plans Quarterly Dividend of $0.35

Glacier Bancorp, Inc. (NYSE:GBCI) declared a quarterly dividend on Wednesday, November 11th. Investors of record on Tuesday, December 8th will be paid a dividend of $0.35 per share on Thursday, December 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Tuesday, December 8th.

Glacier Bancorp has a dividend payout ratio of 47.9% meaning 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 $1.40 annual dividend with an expected future payout ratio of 38.9%.

Glacier Bancorp Price Performance

Glacier Bancorp stock opened at $48.50 on Thursday. The company’s 50 day moving average price is $45.67 and its two-hundred day moving average price is $47.73. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.05. The stock has a market cap of $6.32 billion, a P/E ratio of 18.17 and a beta of 0.77. Glacier Bancorp has a 52 week low of $39.90 and a 52 week high of $54.58.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The company had revenue of $333.42 million during the quarter. Glacier Bancorp had a return on equity of 8.38% and a net margin of 21.24%. During the same quarter in the previous year, the company posted $0.57 EPS. On average, equities analysts predict that Glacier Bancorp will post 3.11 earnings per share for the current year.

Glacier Bancorp declared that its Board of Directors has approved a stock buyback plan on Thursday, October 29th that permits the company to repurchase $200 million in shares. This repurchase authorization permits the company to reacquire up to 3.2% of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc. is a bank holding company headquartered in Kalispell, Montana. Through its community banking subsidiaries, it provides personal and business banking services, including checking and savings accounts, loans, mortgages, and online banking. The company serves customers across Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. Its network of regional banks combines local operations with the resources of a larger banking organization. Glacier’s roots trace to Glacier Bank, which was established in Montana in 1955.