In a report released yesterday, Matthew Clark from Piper Jaffray reiterated a Hold rating on Glacier Bancorp (NASDAQ: GBCI), with a price target of $44. The company’s shares closed on Friday at $42.90, close to its 52-week high of $43.
According to TipRanks.com, Clark is a 3-star analyst with an average return of 5.0% and a 67.6% success rate. Clark covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Pacific Premier Bancorp Inc, and Columbia Banking System.
The word on The Street in general, suggests a Hold analyst consensus rating for Glacier Bancorp with a $43.67 average price target, which is a 1.8% upside from current levels. In a report issued on July 20, Sandler O’Neill also reiterated a Hold rating on the stock with a $44 price target.
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Glacier Bancorp’s market cap is currently $3.63B and has a P/E ratio of 27.32. The company has a Price to Book ratio of 2.49.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.
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Glacier Bancorp, Inc. is a bank holding company, which engages in the provision of commercial banking services. It operates through the following segments: Residential Real Estate, Commercial, and Other Loans. It offers retail banking; business banking; real estate, commercial, agriculture and consumer loans; and mortgage origination services.
