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

Glacier Bancorp, Inc. (NYSE:GBCI) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, October 6th will be given a dividend of 0.35 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, October 6th. This is a 6.1% increase from Glacier Bancorp’s previous quarterly dividend of $0.33.

Glacier Bancorp has decreased its dividend payment by an average of 0.0%annually over the last three years. Glacier Bancorp has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Glacier Bancorp to earn $3.57 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 37.0%.

Glacier Bancorp Trading Up 0.4%

Shares of GBCI traded up $0.19 during mid-day trading on Wednesday, hitting $44.35. 39,619 shares of the company’s stock traded hands, compared to its average volume of 1,044,704. Glacier Bancorp has a 1 year low of $39.90 and a 1 year high of $54.58. The firm has a market capitalization of $5.77 billion, a P/E ratio of 18.18 and a beta of 0.72. The business’s 50-day moving average price is $48.23 and its 200-day moving average price is $47.86. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last issued its earnings results on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.76. Glacier Bancorp had a net margin of 19.72% and a return on equity of 7.97%. The business had revenue of $320.94 million during the quarter. During the same period last year, the firm posted $0.57 earnings per share. As a group, sell-side analysts forecast that Glacier Bancorp will post 3.11 EPS for the current fiscal year.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries and community banking divisions, the company provides financial services to individuals, families, businesses and organizations, with a focus on relationship-based community banking.

Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and agricultural loans, online and mobile banking, treasury management and other business banking services.