Glacier Bancorp, Inc. Plans Quarterly Dividend of $0.17 (GBCI)
Glacier Bancorp (NASDAQ:GBCI) announced a quarterly dividend on Wednesday, June 25th, StockRatingsNetwork reports. Stockholders of record on Tuesday, July 8th will be paid a dividend of 0.17 per share on Thursday, July 17th. This represents a $0.68 annualized dividend and a dividend yield of 2.43%.
A number of research firms have recently commented on GBCI. Analysts at SunTrust reiterated a “buy” rating on shares of Glacier Bancorp in a research note on Thursday, May 29th. They now have a $34.00 price target on the stock, down previously from $37.00. On the ratings front, analysts at Zacks downgraded shares of Glacier Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, analysts at Zacks upgraded shares of Glacier Bancorp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 9th. They now have a $31.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Glacier Bancorp presently has a consensus rating of “Buy” and a consensus price target of $32.50.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded up 0.07% during mid-day trading on Wednesday, hitting $27.95. The stock had a trading volume of 290,428 shares. Glacier Bancorp has a 52-week low of $21.48 and a 52-week high of $30.88. The stock has a 50-day moving average of $26. and a 200-day moving average of $27.77. The company has a market cap of $2.081 billion and a P/E ratio of 20.28.
Glacier Bancorp (NASDAQ:GBCI) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.01. On average, analysts predict that Glacier Bancorp will post $1.55 earnings per share for the current fiscal year.
Glacier Bancorp, Inc is a regional multi-bank holding company. As of December 31, 2012, the Company provided commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
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