Loading...
Loading...
Sterne Agee reiterates its Neutral rating on Glacier Bancorp
GBCI as NIM continues to be impacted by premium amortization, but modestly raises estimates as credit improvement seems more likely.
Sterne Agee says, "While the NIM was impacted more than expected in 4Q11, we note a clearer picture of potential credit leverage should exist going forward. We continue to anticipate a trading range for the shares in the near-term, but expect longer-term shareholders will do well as earning power normalizes over the next several years. We are increasing our FY12E and FY13E each by a penny each to $0.93 and $1.04 per share, respectively."
GBCI closed at $13.44 a share on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in