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

Glacier Bancorp, Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Shareholders of record on Tuesday, April 8th will be paid a dividend of 0.33 per share by the bank on Thursday, April 17th. This represents a $1.32 dividend on an annualized basis and a yield of 2.91%.

Glacier Bancorp has increased its dividend by an average of 1.3% per year over the last three years. Glacier Bancorp has a payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Glacier Bancorp to earn $3.10 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 42.6%.

Glacier Bancorp Trading Up 0.1 %

NASDAQ GBCI opened at $45.29 on Thursday. Glacier Bancorp has a 12 month low of $34.35 and a 12 month high of $60.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average price is $48.24 and its 200-day moving average price is $49.86. The stock has a market cap of $5.14 billion, a P/E ratio of 27.12 and a beta of 0.77.

Analyst Ratings Changes

Several research analysts have recently weighed in on GBCI shares. Stephens upgraded Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Raymond James reissued an “outperform” rating and issued a $55.00 target price (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Piper Sandler lowered their target price on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Glacier Bancorp presently has a consensus rating of “Hold” and an average target price of $51.50.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank 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. The company offers retail banking, business banking, and mortgage origination and loan servicing services.