Glacier Bancorp declared a quarterly dividend of $0.33 per share, marking 159 consecutive dividends and 49 increases.
Quiver AI Summary
Glacier Bancorp, Inc. announced that its Board of Directors declared a quarterly dividend of $0.33 per share during a meeting on November 20, 2024. This marks the 159th consecutive quarterly dividend for the company, which has also increased its dividend 49 times. The dividend will be paid on December 19, 2024, to shareholders on record as of December 10, 2024. Glacier Bancorp is the parent company of several banks across the western United States, including Glacier Bank and its various divisions.
Potential Positives
- Glacier Bancorp, Inc. has a strong track record of financial stability, as evidenced by declaring 159 consecutive quarterly dividends.
- The company's commitment to shareholder returns is highlighted by the increase of dividends 49 times, indicating a consistent growth strategy.
- The upcoming dividend of $0.33 per share reflects positively on the company's financial health and operational success.
Potential Negatives
- The press release emphasizes a dividend declaration but does not provide information on the company's current financial performance or challenges, which could raise concerns among investors.
- While the company has a history of consecutive dividend payments, the lack of detail on the sustainability of these dividends amid economic uncertainties may lead to investor skepticism.
- The absence of any discussion regarding future growth prospects or strategic initiatives could indicate a lack of direction, potentially affecting investor confidence.
FAQ
What is the latest dividend declared by Glacier Bancorp?
Glacier Bancorp declared a quarterly dividend of $0.33 per share on November 20, 2024.
How many consecutive dividends has Glacier Bancorp declared?
The company has declared 159 consecutive quarterly dividends since its inception.
When will the dividend be paid to shareholders?
The dividend will be payable on December 19, 2024, to shareholders of record on December 10, 2024.
How many times has Glacier Bancorp increased its dividend?
Glacier Bancorp has increased its dividend 49 times since it began declaring dividends.
What banks are part of Glacier Bancorp, Inc.?
Glacier Bancorp includes Glacier Bank and several divisions like Altabank, Citizens Community Bank, and Mountain West Bank.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GBCI Insider Trading Activity
$GBCI insiders have traded $GBCI stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $GBCI stock by insiders over the last 6 months:
- ANNIE M. GOODWIN sold 5,619 shares.
- DON J. CHERY (EXECUTIVE VICE PRESIDENT/CAO) sold 1,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GBCI Hedge Fund Activity
We have seen 134 institutional investors add shares of $GBCI stock to their portfolio, and 167 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS added 2,573,033 shares (+133.7%) to their portfolio in Q3 2024
- SILVERCREST ASSET MANAGEMENT GROUP LLC removed 2,324,822 shares (-42.2%) from their portfolio in Q3 2024
- FMR LLC removed 816,793 shares (-52.0%) from their portfolio in Q3 2024
- CAPITAL INTERNATIONAL INVESTORS added 531,553 shares (+36.8%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 457,238 shares (-95.8%) from their portfolio in Q3 2024
- DEPRINCE RACE & ZOLLO INC added 456,151 shares (+31.3%) to their portfolio in Q3 2024
- BLACKROCK, INC. removed 422,954 shares (-2.8%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
KALISPELL, Mont., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc.'s (NYSE: GBCI) Board of Directors, at a meeting held on November 20, 2024, declared a quarterly dividend of $0.33 per share. The Company has declared 159 consecutive quarterly dividends and has increased the dividend 49 times. The dividend is payable on December 19, 2024, to owners of record on December 10, 2024.
About Glacier Bancorp, Inc.:
Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT), 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), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).
Visit Glacier’s website at http://www.glacierbancorp.com
Contact: Randall M. Chesler, CEO
(406) 751-4722
Ron J. Copher, CFO
(406) 751-7706
