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

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Stockholders of record on Tuesday, April 8th will be given 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 3.01%. The ex-dividend date of this dividend 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 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 2.2 %

GBCI traded down $0.97 on Friday, hitting $43.81. 343,091 shares of the company were exchanged, compared to its average volume of 608,166. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day simple moving average of $47.99 and a two-hundred day simple moving average of $49.93. The stock has a market capitalization of $4.97 billion, a PE ratio of 26.23 and a beta of 0.77. Glacier Bancorp has a 12 month low of $34.35 and a 12 month high of $60.67.

Analyst Upgrades and Downgrades

GBCI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Glacier Bancorp from $50.00 to $62.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. Raymond James reaffirmed an "outperform" rating and set a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Stephens upgraded Glacier Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 3rd. Finally, Piper Sandler decreased their target price on Glacier Bancorp from $57.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, January 27th. One 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 company currently has a consensus rating of "Hold" and a consensus target price of $51.50.

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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.