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

Glacier Bancorp, Inc. (NASDAQ:GBCI) declared a quarterly dividend on Tuesday, September 24th, NASDAQ reports. Investors of record on Tuesday, October 8th will be given a dividend of 0.33 per share by the bank on Thursday, October 17th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Tuesday, October 8th.

Glacier Bancorp has a dividend payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Glacier Bancorp to earn $2.25 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 58.7%.

Glacier Bancorp Stock Up 2.0 %

Shares of GBCI stock opened at $45.57 on Friday. Glacier Bancorp has a 1 year low of $28.55 and a 1 year high of $47.71. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.81 and a current ratio of 0.81. The business’s fifty day moving average is $44.26 and its 200-day moving average is $40.24. The stock has a market cap of $5.17 billion, a PE ratio of 26.04 and a beta of 0.80.

Glacier Bancorp (NASDAQ:GBCI) last released its earnings results on Thursday, July 18th. The bank reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Glacier Bancorp had a return on equity of 6.06% and a net margin of 15.15%. The firm had revenue of $306.04 million for the quarter, compared to analyst estimates of $204.43 million. During the same period in the previous year, the company earned $0.50 earnings per share. Equities analysts expect that Glacier Bancorp will post 1.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Glacier Bancorp

In other news, CAO Don J. Chery sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $45.49, for a total value of $45,490.00. Following the completion of the sale, the chief accounting officer now owns 52,539 shares of the company’s stock, valued at $2,389,999.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Annie M. Goodwin sold 5,619 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.55, for a total transaction of $250,326.45. Following the transaction, the director now directly owns 9,402 shares of the company’s stock, valued at approximately $418,859.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Don J. Chery sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $45.49, for a total transaction of $45,490.00. Following the completion of the transaction, the chief accounting officer now owns 52,539 shares in the company, valued at approximately $2,389,999.11. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

GBCI has been the subject of several recent research reports. Raymond James increased their target price on shares of Glacier Bancorp from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday. Truist Financial lifted their target price on Glacier Bancorp from $46.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price on shares of Glacier Bancorp in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $44.20.

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.