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

Glacier Bancorp, Inc. (NYSE:GBCIGet Free Report) announced a quarterly dividend on Tuesday, June 23rd. Shareholders of record on Tuesday, July 7th will be paid 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 of this dividend 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 dividend payout ratio of 45.2% indicating that 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 Stock Performance

NYSE GBCI opened at $49.68 on Wednesday. The stock has a market cap of $6.47 billion, a P/E ratio of 23.21 and a beta of 0.74. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $53.99. The company’s 50-day simple moving average is $48.08 and its 200 day simple moving average is $47.17.

Glacier Bancorp (NYSE:GBCIGet Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Glacier Bancorp had a return on equity of 7.19% and a net margin of 17.60%.The company had revenue of $309.61 million during the quarter. During the same period in the previous year, the business posted $0.48 earnings per share. As a group, research analysts forecast that Glacier Bancorp will post 3.16 earnings per share for the current fiscal year.

Institutional Trading of Glacier Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Root Financial Partners LLC grew its holdings in shares of Glacier Bancorp by 122.5% during the first quarter. Root Financial Partners LLC now owns 652 shares of the company’s stock worth $29,000 after buying an additional 359 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Glacier Bancorp in the 4th quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its position in Glacier Bancorp by 218.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 714 shares of the company’s stock worth $31,000 after acquiring an additional 490 shares during the last quarter. Global Retirement Partners LLC boosted its position in Glacier Bancorp by 41.2% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the company’s stock worth $34,000 after acquiring an additional 223 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Glacier Bancorp during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 80.17% of the company’s stock.

Glacier Bancorp Company Profile

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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.

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Dividend History for Glacier Bancorp (NYSE:GBCI)

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