BUZZ - Glacier Bancorp shares rise slightly after the company announces its first dividend increase since 2022

September 23 - ** Regional bank Glacier Bancorp (GBCI.N) shares rose 0.5% in afternoon trading to $44.40

** GBCI late Tuesday raised (link) its quarterly dividend from 33 cents per share to 35 cents per share, marking the first increase since 2022

** “With a solid capital base and profitability rebounding strongly driven by net interest margin expansion, we previously believed GBCI’s investment narrative would once again feature gradually increasing capital returns. This dividend increase highlights GBCI’s improved market position and its confidence in its outlook,” said KBW analyst Kelly Motta

** According to data compiled by LSEG, 5 out of 6 brokerages rate the stock as “buy” or higher, while 1 rates it as “hold”; the median target price is $56.50

** As of the previous trading day’s close, GBCI shares are flat for the year

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