Glacier Bancorp, Inc. (GBCI) Declares $0.21 Quarterly Dividend
Glacier Bancorp, Inc. (NASDAQ:GBCI) announced a quarterly dividend on Wednesday, November 15th, RTT News reports. Shareholders of record on Tuesday, December 5th will be paid a dividend of 0.21 per share by the bank on Thursday, December 14th. This represents a $0.84 annualized dividend and a yield of 2.30%.
Shares of Glacier Bancorp (NASDAQ GBCI) traded down $0.02 during trading on Wednesday, reaching $36.49. 317,100 shares of the company’s stock traded hands, compared to its average volume of 333,895. The company has a market cap of $2,848.03, a price-to-earnings ratio of 21.23, a PEG ratio of 2.05 and a beta of 1.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. Glacier Bancorp has a 12-month low of $31.38 and a 12-month high of $38.49.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings results on Thursday, October 19th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Glacier Bancorp had a net margin of 27.69% and a return on equity of 11.35%. The firm had revenue of $120.00 million for the quarter, compared to analyst estimates of $121.07 million. sell-side analysts forecast that Glacier Bancorp will post 1.78 EPS for the current year.
In other news, Director Michael J. Blodnick sold 45,060 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $37.88, for a total value of $1,706,872.80. Following the sale, the director now owns 27,576 shares in the company, valued at approximately $1,044,578.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.65% of the stock is currently owned by insiders.
Several brokerages have recently commented on GBCI. Zacks Investment Research downgraded shares of Glacier Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. SunTrust Banks, Inc. set a $41.00 target price on shares of Glacier Bancorp and gave the company a “buy” rating in a research note on Saturday, October 21st. Piper Jaffray Companies set a $38.00 target price on shares of Glacier Bancorp and gave the company a “hold” rating in a research note on Saturday, October 21st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 target price on shares of Glacier Bancorp in a research note on Friday, September 29th. Finally, BidaskClub downgraded shares of Glacier Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.33.
About Glacier Bancorp
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.
Receive News & Ratings for Glacier Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glacier Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.