Glacier Bancorp said on March 29, 2023 that its board of directors declared a regular
quarterly dividend of $0.33 per share ($1.32 annualized).
Previously, the company paid $0.33 per share.
Shares must be purchased before the ex-div date of April 10, 2023 to qualify for the dividend.
Shareholders of record as of April 11, 2023
will receive the payment on April 20, 2023.
At the current share price of $42.76 / share,
the stock’s dividend yield is 3.09%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.07%,
the lowest has been 2.09%,
and the highest has been 4.71%.
The standard deviation of yields is 0.49 (n=236).
The current dividend yield is
0.03 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.48.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.03%.
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Analyst Price Forecast Suggests 18.59% Upside
As of March 30, 2023,
the average one-year price target for Glacier Bancorp is $50.71.
The forecasts range from a low of $45.45 to a high of $57.75.
The average price target represents an increase of 18.59% from its latest reported closing price of $42.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Glacier Bancorp
is $928MM, an increase of 4.85%.
The projected annual non-GAAP EPS
is $3.20.
What is the Fund Sentiment?
There are 711 funds or institutions reporting positions in Glacier Bancorp.
This is an increase
of
22
owner(s) or 3.19% in the last quarter.
Average portfolio weight of all funds dedicated to GBCI is 0.23%,
a decrease
of 17.44%.
Total shares owned by institutions increased
in the last three months by 0.51% to 96,522K shares.
The put/call ratio of GBCI is 0.48, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Neuberger Berman Group
holds 4,295K shares
representing 3.87% ownership of the company.
In it’s prior filing, the firm reported owning 4,249K shares, representing
an increase
of 1.08%.
The firm
decreased
its portfolio allocation in GBCI by 99.95% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF
holds 3,421K shares
representing 3.09% ownership of the company.
In it’s prior filing, the firm reported owning 3,237K shares, representing
an increase
of 5.37%.
The firm
decreased
its portfolio allocation in GBCI by 7.22% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 3,375K shares
representing 3.04% ownership of the company.
In it’s prior filing, the firm reported owning 3,333K shares, representing
an increase
of 1.23%.
The firm
decreased
its portfolio allocation in GBCI by 5.94% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 2,854K shares
representing 2.57% ownership of the company.
In it’s prior filing, the firm reported owning 2,812K shares, representing
an increase
of 1.45%.
The firm
decreased
its portfolio allocation in GBCI by 5.51% over the last quarter.
Silvercrest Asset Management Group
holds 2,705K shares
representing 2.44% ownership of the company.
In it’s prior filing, the firm reported owning 2,775K shares, representing
a decrease
of 2.59%.
The firm
decreased
its portfolio allocation in GBCI by 8.38% over the last quarter.
Glacier Bancorp Background Information
(This description is provided by the company.)
Glacier Bancorp, Inc., a member of the Russell 2000® and the S&P MidCap 400® indices, is the parent company for Glacier Bank and its Bank divisions: Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), North Cascades Bank (Chelan, WA), The Foothills Bank (Yuma, AZ), Valley Bank of Helena (Helena, MT), and Western Security Bank (Billings, MT).
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
