Glacier Bancorp, Inc. (NASDAQ:GBCI) Plans Quarterly Dividend of $0.33

Key Points

• Glacier Bancorp, Inc. has declared a quarterly dividend of $0.33 per share, payable on October 16th, with a yield of 2.7%.
• The company reported a payout ratio of 45.2%, indicating its dividend is well-covered by earnings, and analysts expect it to maintain a future payout ratio of 42.6%.
• In the most recent quarter, Glacier Bancorp's earnings per share (EPS) was $0.45, missing consensus estimates by $0.04.

Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Free Report) declared a quarterly dividend on Monday, September 22nd, RTT News reports. Shareholders of record on Tuesday, October 7th will be paid a dividend of 0.33 per share by the bank on Thursday, October 16th. This represents a c) dividend on an annualized basis and a yield of 2.7%.

Glacier Bancorp has a payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Glacier Bancorp to earn $3.10 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 42.6%.

Glacier Bancorp Trading Down 0.1%

NASDAQ:GBCI traded down $0.03 during trading hours on Monday, hitting $49.65. The company had a trading volume of 850,437 shares, compared to its average volume of 710,819. The company has a market capitalization of $5.89 billion, a PE ratio of 29.73 and a beta of 0.82. The stock has a 50-day moving average price of $46.77 and a 200 day moving average price of $43.98. Glacier Bancorp has a 52 week low of $36.76 and a 52 week high of $60.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81.

Glacier Bancorp (NASDAQ:GBCI - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.04). Glacier Bancorp had a return on equity of 5.98% and a net margin of 14.99%.During the same period in the previous year, the business posted $0.39 earnings per share. On average, equities research analysts predict that Glacier Bancorp will post 2.45 EPS for the current fiscal year.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the bank holding company for Glacier Bank that provides commercial banking services to individuals, small to medium-sized businesses, community organizations, and public entities in the United States. The company offers retail banking, business banking, and mortgage origination and loan servicing services.

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