Glacier Bancorp Inc. Announces Quarterly Dividend of $0.20 (GBCI)
Glacier Bancorp Inc. (NASDAQ:GBCI) announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Tuesday, December 6th will be given a dividend of 0.20 per share on Thursday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.41%.
Shares of Glacier Bancorp (NASDAQ:GBCI) opened at 33.21 on Friday. The stock has a market cap of $2.54 billion, a PE ratio of 21.15 and a beta of 1.34. The stock has a 50 day moving average of $28.96 and a 200 day moving average of $27.79. Glacier Bancorp has a 1-year low of $21.90 and a 1-year high of $33.74.
Glacier Bancorp (NASDAQ:GBCI) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Glacier Bancorp had a net margin of 26.97% and a return on equity of 10.77%. Equities research analysts forecast that Glacier Bancorp will post $1.60 EPS for the current year.
In other news, Director Craig A. Langel sold 3,000 shares of Glacier Bancorp stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $33.28, for a total transaction of $99,840.00. Following the completion of the sale, the director now directly owns 59,729 shares in the company, valued at $1,987,781.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.09% of the company’s stock.
Large investors have recently modified their holdings of the company. Pacad Investment Ltd. purchased a new stake in shares of Glacier Bancorp during the second quarter worth approximately $100,000. Citadel Advisors LLC increased its stake in Glacier Bancorp by 6.4% in the second quarter. Citadel Advisors LLC now owns 10,093 shares of the company’s stock worth $268,000 after buying an additional 603 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Glacier Bancorp during the third quarter worth about $282,000. Verition Fund Management LLC bought a new stake in Glacier Bancorp during the third quarter worth about $356,000. Finally, HighTower Advisors LLC increased its stake in Glacier Bancorp by 0.7% in the third quarter. HighTower Advisors LLC now owns 13,985 shares of the company’s stock worth $399,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.
A number of equities analysts have issued reports on GBCI shares. Zacks Investment Research upgraded shares of Glacier Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. FIG Partners cut shares of Glacier Bancorp from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Glacier Bancorp has a consensus rating of “Hold” and a consensus price target of $27.25.
About Glacier Bancorp
Glacier Bancorp, Inc is a bank holding company. The Company provides commercial banking services. It provides banking services from approximately 140 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington through its bank subsidiary, Glacier Bank (the Bank). The Company offers a range of banking products and services, including transaction and savings deposits, real estate, commercial, agriculture, and consumer loans and mortgage origination services.
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