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

Glacier Bancorp, Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Stockholders 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 dividend yield of 2.91%.

Glacier Bancorp has increased its dividend by an average of 1.3% annually over the last three years. Glacier Bancorp has a 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 Stock Up 0.1 %

Shares of Glacier Bancorp stock traded up $0.05 on Wednesday, reaching $45.29. 594,366 shares of the company were exchanged, compared to its average volume of 673,591. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 27.12 and a beta of 0.77. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67. The company has a 50-day moving average of $48.35 and a 200 day moving average of $49.89.

Analysts Set New Price Targets

GBCI has been the topic of several research analyst reports. Raymond James reissued an “outperform” rating and issued a $55.00 price target (up from $52.00) on shares of Glacier Bancorp in a report on Wednesday, January 15th. Keefe, Bruyette & Woods lifted their price target on Glacier Bancorp from $50.00 to $62.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler decreased their price objective on Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, Stephens raised 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 assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.