Glacier Bancorp (NASDAQ:GBCI – Get Free Report) posted its earnings results on Thursday. The bank reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02, Briefing.com reports. Glacier Bancorp had a net margin of 15.15% and a return on equity of 6.13%. The company had revenue of $306.04 million for the quarter, compared to analyst estimates of $204.43 million. During the same quarter in the prior year, the business posted $0.50 EPS.
Glacier Bancorp Stock Down 0.6 %
Glacier Bancorp stock opened at $43.03 on Friday. Glacier Bancorp has a twelve month low of $26.83 and a twelve month high of $44.75. The firm has a 50 day moving average price of $37.62 and a 200-day moving average price of $38.06. The company has a market capitalization of $4.88 billion, a P/E ratio of 26.24 and a beta of 0.81. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.76.
Glacier Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, July 9th. Glacier Bancorp’s dividend payout ratio is currently 75.43%.
Analyst Upgrades and Downgrades
Glacier Bancorp Company Profile
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.
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