In a report released today, Jeff Rulis from D.A. Davidson maintained a Buy rating on Glacier Bancorp (GBCI – Research Report). The company’s shares closed yesterday at $29.97.
Rulis covers the Financial sector, focusing on stocks such as Glacier Bancorp, Bank Of Hawaii, and Banner. According to TipRanks, Rulis has an average return of 1.8% and a 45.05% success rate on recommended stocks.
Currently, the analyst consensus on Glacier Bancorp is a Moderate Buy with an average price target of $33.25.
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Based on Glacier Bancorp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $201.06 million and a net profit of $54.96 million. In comparison, last year the company earned a revenue of $223.25 million and had a net profit of $76.39 million
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Glacier Bancorp (GBCI) Company Description:
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 Consumer and Other Loans. It offers retail banking, business banking, real estate, commercial, agriculture and consumer loans and mortgage origination services. The company was founded in 1990 and is headquartered in Kalispell, MT.
Read More on GBCI:
- Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended September 30, 2023
- Is GBCI a Buy, Before Earnings?
- Glacier Bancorp, Inc. Announces Third Quarter Earnings Release and Conference Call
- Glacier Bancorp, Inc. Declares Quarterly Dividend
- Glacier Bancorp price target lowered to $31 from $34 at Truist
