Glacier Bancorp, Inc. (GBCI) to Distribute Quarterly Dividend of $0.35 on December 17th

Glacier Bancorp, Inc. (NYSE:GBCI) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Tuesday, December 8th will be paid a dividend of $0.35 per share on Thursday, December 17th. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, December 8th.

Glacier Bancorp has a dividend payout ratio of 47.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Glacier Bancorp to earn $3.60 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 38.9%.

Glacier Bancorp Trading Down 0.7%

Glacier Bancorp stock opened at $48.13 on Friday. The business has a 50-day simple moving average of $45.70 and a two-hundred day simple moving average of $47.73. The company has a market cap of $6.27 billion, a P/E ratio of 17.56 and a beta of 0.77. Glacier Bancorp has a 52-week low of $39.90 and a 52-week high of $54.58. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.05.

Glacier Bancorp (NYSE:GBCI) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $333.42 million for the quarter. Glacier Bancorp had a net margin of 21.24% and a return on equity of 8.38%. During the same quarter last year, the company earned $0.57 EPS. Analysts predict that Glacier Bancorp will post 3.11 EPS for the current year.

Insider Buying and Selling at Glacier Bancorp

In other news, Chairman Craig Langel bought 2,250 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average price of $47.04 per share, with a total value of $105,840.00. Following the acquisition, the chairman owned 98,684 shares of the company’s stock, valued at approximately $4,642,095.36. This represents a 2.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Glacier Bancorp

Several hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in Glacier Bancorp in the 3rd quarter valued at about $27,000. Heritage Family Offices LLP acquired a new stake in shares of Glacier Bancorp in the 3rd quarter worth $34,000. Assetmark Inc. grew its stake in shares of Glacier Bancorp by 33.9% during the first quarter. Assetmark Inc. now owns 813 shares of the company’s stock worth $36,000 after acquiring an additional 206 shares during the last quarter. Allworth Financial LP acquired a new position in Glacier Bancorp during the 2nd quarter valued at approximately $46,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Glacier Bancorp in the 2nd quarter worth $65,000. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

About Glacier Bancorp

Glacier Bancorp, Inc. is a bank holding company headquartered in Kalispell, Montana. Through its community banking subsidiaries, it provides personal and business banking services, including checking and savings accounts, loans, mortgages, and online banking. The company serves customers across Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. Its network of regional banks combines local operations with the resources of a larger banking organization. Glacier’s roots trace to Glacier Bank, which was established in Montana in 1955.