Glacier Bancorp ticks up after first dividend hike since 2022

By Reuters News

** Regional lender Glacier Bancorp's GBCI.N shares rise 0.5% to $44.40 in afternoon trading

** GBCI late Tuesday lifted quarterly dividend to 35 cents per share from 33 cents, marking its first hike since 2022

** "With capital solid and profitability having sharply rebounded alongside net interest margin expansion, we had believed incremental capital return would come back into the GBCI narrative. This dividend highlights GBCI's improved positioning and confidence in the outlook," KBW analyst Kelly Motta says

** 5 of 6 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $56.50, according to data compiled by LSEG

** As of last close, GBCI stock flat YTD

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