Glacier Bancorp, Inc. (GBCI) To Go Ex-Dividend on December 10th

Glacier Bancorp, Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Tuesday, December 10th will be given a dividend of 0.33 per share by the bank on Thursday, December 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Tuesday, December 10th.

Glacier Bancorp has increased its dividend payment by an average of 3.8% per year over the last three years. Glacier Bancorp has a dividend payout ratio of 54.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Glacier Bancorp to earn $2.46 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 53.7%.

Glacier Bancorp Price Performance

Shares of GBCI opened at $57.14 on Friday. The stock has a market cap of $6.48 billion, a P/E ratio of 35.27 and a beta of 0.79. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $52.25 and its two-hundred day moving average price is $44.99. Glacier Bancorp has a 1 year low of $34.35 and a 1 year high of $60.67.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, October 24th. The bank reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Glacier Bancorp had a return on equity of 5.84% and a net margin of 14.69%. The business had revenue of $324.28 million during the quarter, compared to analyst estimates of $212.57 million. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, equities analysts predict that Glacier Bancorp will post 1.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GBCI shares. Raymond James boosted their price target on Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Piper Sandler boosted their target price on shares of Glacier Bancorp from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Truist Financial increased their price target on shares of Glacier Bancorp from $50.00 to $53.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Glacier Bancorp has a consensus rating of “Hold” and an average target price of $48.83.

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.