Glacier Bancorp, Inc. (NYSE:GBCI) Declares Dividend Increase – $0.35 Per Share

Glacier Bancorp, Inc. (NYSE:GBCI) announced a quarterly dividend on Tuesday, September 22nd. Stockholders 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 payout ratio of 45.2% indicating that 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 Stock Performance

NYSE GBCI opened at $44.20 on Wednesday. The firm’s fifty day moving average price is $48.23 and its two-hundred day moving average price is $47.86. The firm has a market capitalization of $5.76 billion, a P/E ratio of 18.12 and a beta of 0.72. Glacier Bancorp has a 1 year low of $39.90 and a 1 year high of $54.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06.

Glacier Bancorp (NYSE:GBCI) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $320.94 million during the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same quarter last year, the company earned $0.57 EPS. As a group, research analysts anticipate that Glacier Bancorp will post 3.11 EPS for the current 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.