Glacier Bancorp, Inc. (GBCI) Announces Quarterly Dividend of $0.23

Glacier Bancorp, Inc. (NASDAQ:GBCI) announced a quarterly dividend on Thursday, March 29th, RTT News reports. Shareholders of record on Tuesday, April 10th will be given a dividend of 0.23 per share by the bank on Thursday, April 19th. This represents a $0.92 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Monday, April 9th. This is an increase from Glacier Bancorp’s previous quarterly dividend of $0.21.

NASDAQ:GBCI opened at $37.55 on Friday. Glacier Bancorp has a twelve month low of $31.38 and a twelve month high of $41.24. The stock has a market capitalization of $3,173.20, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 0.85.

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Glacier Bancorp (NASDAQ:GBCI) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). Glacier Bancorp had a net margin of 23.88% and a return on equity of 11.46%. The business had revenue of $117.54 million during the quarter, compared to analysts’ expectations of $122.23 million. research analysts expect that Glacier Bancorp will post 2.25 earnings per share for the current fiscal year.

In related news, Director James M. English sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $41.01, for a total transaction of $205,050.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.42% of the company’s stock.

A number of equities analysts recently weighed in on the company. BidaskClub cut Glacier Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Sandler O’Neill reissued a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a report on Thursday, March 29th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $41.00 price objective on shares of Glacier Bancorp in a report on Friday, December 22nd. ValuEngine raised Glacier Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, SunTrust Banks reissued a “buy” rating and set a $43.00 price objective on shares of Glacier Bancorp in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.20.

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Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of January 26, 2018, it provided banking services from 146 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

Dividend History for Glacier Bancorp (NASDAQ:GBCI)

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