Glacier Bancorp, Inc. (GBCI) To Go Ex-Dividend on April 8th

Glacier Bancorp, Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, March 26th, RTT News reports. Stockholders of record on Tuesday, April 8th will be paid a dividend of 0.33 per share by the bank on Thursday, April 17th. This represents a $1.32 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, April 8th.

Glacier Bancorp has raised its dividend by an average of 1.3% per year over the last three years. Glacier Bancorp has a dividend payout ratio of 43.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 5.3 %

Glacier Bancorp stock opened at $38.47 on Friday. Glacier Bancorp has a one year low of $34.35 and a one year high of $60.67. The company’s fifty day moving average price is $47.09 and its two-hundred day moving average price is $49.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 23.04 and a beta of 0.80.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stephens raised Glacier Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 3rd. Raymond James reissued an “outperform” rating and issued a $55.00 price target (up previously from $52.00) on shares of Glacier Bancorp in a research report on Wednesday, January 15th. Finally, Piper Sandler decreased their price objective on shares of Glacier Bancorp from $57.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.50.

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.