Our analysis is based on comparing Glacier Bancorp, Inc. with the following peers – CoBiz Financial Inc., Guaranty Bancorp, First Interstate BancSystem, Inc. Class A, Zions Bancorporation, Western Alliance Bancorporation, National Bank Holdings Corporation Class A, U.S. Bancorp and Wells Fargo & Company (COBZ-US, GBNK-US, FIBK-US, ZION-US, WAL-US, NBHC-US, USB-US and WFC-US).
Glacier Bancorp, Inc.’s dividend yield is 3.80 percent and its dividend payout is 49.53 percent. This compares to a peer median dividend yield of 1.92 percent and a payout level of 35.54 percent. This type of dividend performance might make it a good stock for dividend investors. However, the company’s average dividend quality score of 42 out of a possible score of 100, points to some weakness in the sustainability of its robust payout ratio, and makes its less attractive for dividend investors seeking current income.
Dividend Quality Overview
- Over the last twelve months (prior to June 30, 2017), GBCI-US paid a medium quality dividend, which represents a yield of 2.18% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 2 were medium quality and 3 were low quality.
- The ending cash balance, with a dividend coverage of 1.93x, provides a moderate cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to June 30, 2017), GBCI-US paid a medium quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 2.13x), investing cash flow (coverage of -3.12x), issuance cash flow (coverage of 2.89x) and twelve-month prior cash (coverage of 1.74x), for a total dividend coverage of 2.93x.
GBCI-US’s issuance cash flow includes outflows from net debt repayment (coverage of -1.24x).
These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.
|Dividend Yield (%)||4.49||2||2.45||3.94||3.03||3.8|
|Dividend Payout (%)||50.48||45.8||45.03||48.7||50.31||49.53|
A complete list of metrics and analysis is available on the company page.
Glacier Bancorp, Inc. operates as a bank holding company with interest in providing commercial banking services. The company offers banking products and services, including transaction and savings deposits, commercial, consumer, agriculture, real estate loans, mortgage origination services and retail brokerage services. It also offers full service brokerage services, including selling products, such as stocks, bonds, mutual funds, limited partnerships, annuities and other insurance products. The company serves individuals, small to medium-sized businesses, community organizations and public entities. Glacier Bancorp was founded in 2004 and is headquartered in Kalispell, MT.
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