Stephens Sticks to Its Hold Rating for Glacier Bancorp (GBCI)


Stephens analyst Gordon McGuire maintained a Hold rating on Glacier Bancorp (GBCI) on March 19 and set a price target of $44. The company’s shares closed yesterday at $39.01.

The word on The Street in general, suggests a Hold analyst consensus rating for Glacier Bancorp.

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Based on Glacier Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $49.6 million. In comparison, last year the company had a net profit of $14.96 million.

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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 & consumer loans and mortgage origination services.

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