Glacier Bancorp, Inc. (GBCI) to Distribute Quarterly Dividend of $0.33 on July 16th

Glacier Bancorp, Inc. (NYSE:GBCI) declared a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Tuesday, July 7th will be paid a dividend of 0.33 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, July 7th.

Glacier Bancorp has decreased its dividend by an average of 0.0%per year over the last three years. Glacier Bancorp has a payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Glacier Bancorp to earn $3.60 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 36.7%.

Glacier Bancorp Stock Performance

NYSE:GBCI opened at $50.38 on Thursday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 23.54 and a beta of 0.74. The firm’s fifty day simple moving average is $48.11 and its 200 day simple moving average is $47.22. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $53.99.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $309.61 million during the quarter. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.During the same quarter in the prior year, the company posted $0.48 earnings per share. As a group, equities research analysts expect that Glacier Bancorp will post 3.16 earnings per share for the current fiscal year.

Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company headquartered in Kalispell, Montana. Through its network of community banks, the company delivers commercial and retail banking services to individuals, small and medium-sized businesses, and agricultural clients. With a commitment to relationship-driven banking, Glacier Bancorp combines local market expertise with regional scale to offer customized financial solutions that address the unique needs of the communities it serves.

Established in 1955 as Glacier Bank, the company has expanded both organically and through targeted acquisitions to build a presence across the Mountain West and into the Upper Midwest and Southwest.