Glacier Bancorp, Inc. (NASDAQ:GBCI - Get Rating) announced a quarterly dividend on Friday, November 18th, Wall Street Journal reports. Investors of record on Tuesday, December 6th will be given a dividend of 0.33 per share by the bank on Thursday, December 15th. This represents a $1.32 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Monday, December 5th.
Glacier Bancorp has raised its dividend by an average of 2,574.3% per year over the last three years and has raised its dividend every year for the last 11 years.
Glacier Bancorp Stock Performance
Glacier Bancorp stock traded up $1.10 during mid-day trading on Friday, reaching $57.30. 455,118 shares of the stock traded hands, compared to its average volume of 359,370. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.67 and a quick ratio of 0.67. The business's 50-day moving average is $53.12 and its 200-day moving average is $50.28. The stock has a market capitalization of $6.35 billion, a PE ratio of 22.85 and a beta of 0.82. Glacier Bancorp has a 12-month low of $44.43 and a 12-month high of $60.69.
Glacier Bancorp (NASDAQ:GBCI - Get Rating) last released its earnings results on Friday, October 21st. The bank reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Glacier Bancorp had a return on equity of 9.31% and a net margin of 29.68%. The firm had revenue of $235.73 million for the quarter, compared to the consensus estimate of $238.18 million. During the same quarter in the previous year, the business posted $0.79 EPS. Glacier Bancorp's revenue was up 19.4% on a year-over-year basis. As a group, sell-side analysts predict that Glacier Bancorp will post 2.77 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Truist Financial upped their target price on shares of Glacier Bancorp from $61.00 to $68.00 in a research report on Monday, November 7th. StockNews.com started coverage on shares of Glacier Bancorp in a report on Wednesday, October 12th. They set a "sell" rating on the stock. Finally, Stephens upped their target price on shares of Glacier Bancorp from $53.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 27th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Glacier Bancorp by 1.4% in the third quarter. Vanguard Group Inc. now owns 11,281,413 shares of the bank's stock worth $554,256,000 after acquiring an additional 155,648 shares during the period. State Street Corp grew its position in Glacier Bancorp by 7.8% during the first quarter. State Street Corp now owns 4,807,832 shares of the bank's stock valued at $241,738,000 after buying an additional 346,492 shares during the period. Dimensional Fund Advisors LP grew its position in Glacier Bancorp by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,214,075 shares of the bank's stock valued at $111,328,000 after buying an additional 18,945 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Glacier Bancorp by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 920,368 shares of the bank's stock valued at $46,277,000 after purchasing an additional 32,975 shares during the period. Finally, Eaton Vance Management grew its position in shares of Glacier Bancorp by 19.3% in the first quarter. Eaton Vance Management now owns 896,974 shares of the bank's stock valued at $45,100,000 after purchasing an additional 145,421 shares during the period. Hedge funds and other institutional investors own 69.88% of the company's stock.
Glacier Bancorp Company Profile
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. It offers non-interest bearing deposit and interest bearing deposit accounts, such as negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposit, negotiated-rate jumbo certificates, and individual retirement accounts.
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