Glacier Bancorp, Inc. (NASDAQ:GBCI) to Issue Quarterly Dividend of $0.21

Glacier Bancorp, Inc. (NASDAQ:GBCI) announced a quarterly dividend on Tuesday, September 12th, Wall Street Journal reports. Investors of record on Thursday, September 21st will be given a dividend of 0.21 per share by the bank on Thursday, September 28th. This represents a $0.84 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, September 20th.

Glacier Bancorp (GBCI) traded up 1.62% during trading on Tuesday, hitting $34.52. 488,463 shares of the stock were exchanged. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 20.92 and a beta of 1.45. Glacier Bancorp has a 1-year low of $27.31 and a 1-year high of $38.17. The firm’s 50 day moving average price is $33.63 and its 200-day moving average price is $34.35.

Glacier Bancorp (NASDAQ:GBCI) last announced its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $113.91 million during the quarter, compared to the consensus estimate of $115.60 million. Glacier Bancorp had a return on equity of 11.02% and a net margin of 27.30%. During the same quarter in the prior year, the company earned $0.40 earnings per share. On average, analysts anticipate that Glacier Bancorp will post $1.78 EPS for the current year.

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Several brokerages recently weighed in on GBCI. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of Glacier Bancorp in a report on Thursday, July 27th. BidaskClub upgraded Glacier Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Piper Jaffray Companies restated a “hold” rating and set a $37.00 target price on shares of Glacier Bancorp in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered Glacier Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

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.

Dividend History for Glacier Bancorp (NASDAQ:GBCI)

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