Glacier Bancorp, Inc. (NASDAQ:GBCI) declared a quarterly dividend on Wednesday, September 26th, RTT News reports. Shareholders of record on Tuesday, October 9th will be given a dividend of 0.26 per share by the bank on Thursday, October 18th. This represents a $1.04 annualized dividend and a yield of 2.42%.

Glacier Bancorp has increased its dividend by an average of 7.3% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Glacier Bancorp has a payout ratio of 47.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Glacier Bancorp to earn $2.45 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 42.4%.

NASDAQ:GBCI traded down $0.76 during mid-day trading on Wednesday, hitting $42.99. The company had a trading volume of 334,900 shares, compared to its average volume of 366,212. Glacier Bancorp has a fifty-two week low of $35.50 and a fifty-two week high of $46.28. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.00 and a beta of 1.43.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 19th. The bank reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). Glacier Bancorp had a net margin of 25.31% and a return on equity of 11.56%. The company had revenue of $140.38 million during the quarter, compared to analyst estimates of $135.74 million. During the same period in the previous year, the company posted $0.43 EPS. sell-side analysts predict that Glacier Bancorp will post 2.2 earnings per share for the current year.

Several research firms have weighed in on GBCI. Zacks Investment Research raised Glacier Bancorp from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, July 25th. BidaskClub raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. ValuEngine raised Glacier Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, July 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $44.00 price target on shares of Glacier Bancorp in a research report on Monday, July 23rd. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $44.00 price target on shares of Glacier Bancorp in a research report on Friday, July 20th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $43.50.

About Glacier Bancorp

Glacier Bancorp, Inc operates as the 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 deposit products, including non-interest bearing deposits, interest bearing negotiable order of withdrawal and demand deposit accounts, savings accounts, money market deposit accounts, fixed rate certificates of deposits, negotiated-rate jumbo certificates, and individual retirement accounts.

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Dividend History for Glacier Bancorp (NASDAQ:GBCI)

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