Courtesy of Benzinga.
In a report published Wednesday, Keefe, Bruyette & Woods analyst Jacquelynne Chimera reiterated a Market Perform rating and $31.00 price target on Glacier Bancorp (NASDAQ: GBCI).
In the report, Keefe, Bruyette & Woods noted, “GBCI declared a special dividend of $0.30/share this afternoon (relative to the $0.18/share regular dividend declared earlier this quarter), bringing the total payout ratio to ~65% for 2014, inclusive of our 4Q14 EPS estimate. The dividend is payable 1/22 to shareholders of record on 1/13. While not the first special dividend, the bank has not paid one in quite some time.”
Glacier Bancorp closed on Tuesday at $27.95.
Latest Ratings for GBCI
Date | Firm | Action | From | To |
---|---|---|---|---|
Oct 2014 | Keefe Bruyette & Woods | Maintains | Market Perform | |
May 2014 | SunTrust Robinson Humphrey | Maintains | Buy | |
Feb 2014 | DA Davidson | Upgrades | Neutral | Buy |
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Posted-In: Bruyette & Woods Jacquelynne Chimera KeefeAnalyst Color Reiteration Analyst Ratings