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

Glacier Bancorp, Inc. (NYSE:GBCI) declared a quarterly dividend on Tuesday, June 23rd. Shareholders of record on Tuesday, July 7th will be given a dividend of 0.33 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, July 7th.

Glacier Bancorp has decreased its dividend payment 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 research 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 Trading Up 1.5%

NYSE:GBCI opened at $49.68 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.06. Glacier Bancorp has a 1-year low of $39.90 and a 1-year high of $53.99. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 23.21 and a beta of 0.74. The business’s 50-day moving average price is $48.08 and its two-hundred day moving average price is $47.17.

Glacier Bancorp (NYSE:GBCI) last posted its earnings results on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The company 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 previous year, the firm posted $0.48 earnings per share. On average, equities analysts expect that Glacier Bancorp will post 3.16 earnings per share for the current year.

Institutional Investors Weigh In On Glacier Bancorp

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Glacier Bancorp in the fourth quarter valued at $67,582,000. Vanguard Group Inc. increased its stake in shares of Glacier Bancorp by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 13,359,157 shares of the company’s stock worth $588,471,000 after purchasing an additional 870,335 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Glacier Bancorp in the 1st quarter valued at about $33,197,000. Bank of America Corp DE raised its holdings in shares of Glacier Bancorp by 82.1% in the 1st quarter. Bank of America Corp DE now owns 1,281,285 shares of the company’s stock valued at $57,235,000 after purchasing an additional 577,654 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in Glacier Bancorp in the 2nd quarter valued at about $24,362,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

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.