Glacier Bancorp, Inc. (NYSE:GBCI) to Issue Quarterly Dividend of $0.35

Glacier Bancorp, Inc. (NYSE:GBCI) announced a quarterly dividend on Tuesday, September 22nd. Stockholders of record on Tuesday, October 6th will be paid a dividend of 0.35 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, October 6th. This is a 6.1% increase from Glacier Bancorp’s previous quarterly dividend of $0.33.

Glacier Bancorp has decreased its dividend payment by an average of 0.0%per year over the last three years. Glacier Bancorp has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Glacier Bancorp to earn $3.57 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 37.0%.

Glacier Bancorp Trading Up 0.1%

Shares of GBCI opened at $44.20 on Wednesday. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $54.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $5.76 billion, a P/E ratio of 18.03 and a beta of 0.72. The stock’s fifty day simple moving average is $48.23 and its 200 day simple moving average is $47.86.

Glacier Bancorp (NYSE:GBCI) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $320.94 million for the quarter. Glacier Bancorp had a return on equity of 7.97% and a net margin of 19.72%.During the same period in the prior year, the firm posted $0.57 EPS. On average, equities research analysts forecast that Glacier Bancorp will post 3.11 earnings per share for the current year.

About Glacier Bancorp

Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries and community banking divisions, the company provides financial services to individuals, families, businesses and organizations, with a focus on relationship-based community banking.

Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and agricultural loans, online and mobile banking, treasury management and other business banking services.