Glacier Stock To Go Ex-dividend Tomorrow (GBCI)

NEW YORK ( TheStreet) -- The ex-dividend date for Glacier Bancorp (Nasdaq: GBCI) is tomorrow, April 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $14.94 as of 9:30 a.m. ET, the dividend yield is 3.4%.

The average volume for Glacier has been 430,600 shares per day over the past 30 days. Glacier has a market cap of $942.1 million and is part of the financial sector and banking industry. Shares are up 25.6% year to date as of the close of trading on Tuesday.

Glacier Bancorp, Inc., a multi-bank holding company, provides commercial banking products and services in Montana, Idaho, Wyoming, Colorado, Utah, and Washington. The company has a P/E ratio of 21.7, below the average banking industry P/E ratio of 77.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Glacier as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Glacier Ratings Report.

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