Glacier Bancorp, Inc. (NASDAQ:GBCI) announced a quarterly dividend on Tuesday, September 12th, Wall Street Journal reports. Shareholders of record on Thursday, September 21st will be given a dividend of 0.21 per share by the bank on Thursday, September 28th. This represents a $0.84 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Wednesday, September 20th.

Shares of Glacier Bancorp (GBCI) opened at 32.99 on Friday. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 20.00 and a beta of 1.45. Glacier Bancorp has a 1-year low of $27.31 and a 1-year high of $38.17. The firm’s 50-day moving average is $33.68 and its 200 day moving average is $34.44.

Glacier Bancorp (NASDAQ:GBCI) last issued its earnings results on Thursday, July 20th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The firm had revenue of $113.91 million during the quarter, compared to analyst estimates of $115.60 million. Glacier Bancorp had a net margin of 27.30% and a return on equity of 11.02%. During the same quarter in the previous year, the company posted $0.40 earnings per share. Equities analysts expect that Glacier Bancorp will post $1.78 EPS for the current fiscal year.

GBCI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 target price on shares of Glacier Bancorp in a research note on Thursday, July 27th. Zacks Investment Research upgraded Glacier Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Monday, June 26th. Piper Jaffray Companies restated a “hold” rating and issued a $37.00 target price on shares of Glacier Bancorp in a research note on Wednesday, July 12th. Finally, BidaskClub lowered Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.

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Glacier Bancorp Company Profile

Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. As of December 31, 2016, it provided banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington, through its bank subsidiary, Glacier Bank (the Bank). It offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.

Dividend History for Glacier Bancorp (NASDAQ:GBCI)

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