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

Glacier Bancorp, Inc. (NASDAQ:GBCI) announced a quarterly dividend on Wednesday, March 26th, RTT News reports. Investors 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 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, April 8th.

Glacier Bancorp has increased its dividend by an average of 1.3% per year over the last three years. Glacier Bancorp has a dividend payout ratio of 43.6% meaning 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 Down 0.9 %

Shares of Glacier Bancorp stock opened at $44.85 on Friday. Glacier Bancorp has a 1-year low of $34.35 and a 1-year high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $5.09 billion, a P/E ratio of 26.86 and a beta of 0.77. The stock’s 50 day simple moving average is $48.13 and its 200-day simple moving average is $49.82.

Analysts Set New Price Targets

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

Glacier Bancorp Company Profile

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.