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

Key Points

• Glacier Bancorp announced a $0.33 quarterly dividend, payable April 16 to shareholders of record April 7, implying an annualized yield of about 3.0%.
• The company reported Q4 EPS of $0.49, missing estimates of $0.62, but has a dividend payout ratio of 45.2%, indicating the dividend is largely covered by earnings.
• Analyst coverage is mixed with a consensus rating of "Hold" and a consensus price target of $55.67 (three Buy, three Hold, one Sell).

Glacier Bancorp, Inc. (NYSE:GBCI - Get Free Report) announced a quarterly dividend on Wednesday, March 25th. Shareholders of record on Tuesday, April 7th will be paid a dividend of 0.33 per share on Thursday, April 16th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, April 7th.

Glacier Bancorp has decreased its dividend by an average of 0.0%annually over the last three years. Glacier Bancorp has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings.

Glacier Bancorp Price Performance

Shares of GBCI stock opened at $44.61 on Thursday. Glacier Bancorp has a fifty-two week low of $36.76 and a fifty-two week high of $53.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.42 and a beta of 0.75. The stock's 50-day simple moving average is $47.86 and its 200-day simple moving average is $46.03.

Glacier Bancorp (NYSE:GBCI - Get Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.13). Glacier Bancorp had a return on equity of 6.68% and a net margin of 16.63%.During the same quarter last year, the firm earned $0.54 earnings per share.

Analysts Set New Price Targets

Several equities research analysts have recently commented on GBCI shares. Janney Montgomery Scott assumed coverage on shares of Glacier Bancorp in a research note on Tuesday, February 10th. They set a "neutral" rating and a $55.00 price objective for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Glacier Bancorp in a research report on Monday, December 29th. Brean Capital cut Glacier Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating on shares of Glacier Bancorp in a report on Monday, January 26th. Finally, Wall Street Zen upgraded Glacier Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, February 28th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $55.67.

Glacier Bancorp Company Profile

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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