Glacier Bancorp, Inc. (NASDAQ:GBCI) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Stockholders of record on Tuesday, December 10th will be paid a dividend of 0.29 per share by the bank on Thursday, December 19th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, December 9th.
Shares of GBCI opened at $43.78 on Friday. The firm’s 50 day simple moving average is $43.26 and its 200 day simple moving average is $40.83. The company has a market capitalization of $4.04 billion, a P/E ratio of 20.18 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.87 and a quick ratio of 0.86. Glacier Bancorp has a 1-year low of $36.84 and a 1-year high of $45.47.
Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, October 17th. The bank reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.02). The company had revenue of $174.50 million during the quarter, compared to analysts’ expectations of $157.11 million. Glacier Bancorp had a return on equity of 12.65% and a net margin of 30.85%. On average, equities analysts anticipate that Glacier Bancorp will post 2.44 earnings per share for the current year.
A number of equities analysts have recently issued reports on GBCI shares. Zacks Investment Research upgraded Glacier Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday. Stephens set a $40.00 price objective on Glacier Bancorp and gave the company a “hold” rating in a report on Thursday, October 17th. BidaskClub downgraded Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 16th. SunTrust Banks cut their target price on Glacier Bancorp from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, ValuEngine cut shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Glacier Bancorp currently has a consensus rating of “Hold” and a consensus target price of $43.00.
About Glacier Bancorp
Glacier Bancorp, Inc operates as the holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.
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