Glacier Bancorp, Inc. (GBCI) to Issue Quarterly Dividend of $0.33 on July 16th

Glacier Bancorp, Inc. (NYSE:GBCI) announced 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) dividend on an annualized basis and a dividend yield of 2.5%. 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 analysts expect Glacier Bancorp to earn $3.61 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 36.6%.

Glacier Bancorp Price Performance

Shares of NYSE:GBCI opened at $51.80 on Friday. The firm’s 50 day moving average price is $48.57 and its 200-day moving average price is $47.61. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $53.99. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $6.74 billion, a PE ratio of 24.21 and a beta of 0.72.

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

About Glacier Bancorp

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.