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Stock impact report

Here is Why Glacier Bancorp (GBCI) is Favored by Hedge Funds [Yahoo! Finance]

Glacier Bancorp, Inc. (GBCI) 
Last glacier bancorp, inc. earnings: 4/23 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: glacierbancorp.com
Company Research Source: Yahoo! Finance
On December 18, Piper Sandler analyst Matthew Clark upgraded his rating on Glacier Bancorp (NYSE:GBCI) to Buy from Neutral. He raised his price target on the stock from $50 to $58, offering investors an attractive 30.5% upside. everything possible/Shutterstock.com Clark attributed his overweight stance on Glacier Bancorp (NYSE:GBCI) to several fundamental and market factors. He noted the stock's underperformance in recent times, which places it at a significant discount compared to its own historical valuation multiples. Clark also highlighted a very stable credit profile and asset repricing, which make the bank's fundamentals robust. Moreover, the analyst believes that such asset repricing will help deliver strong net interest margins going forward. This makes the analyst forecast a double-digit growth in earnings for the bank. As of the December 30 closing, consensus ratings remain favorable toward Glacier Bancorp (NYSE:GBCI). All four analysts covering the company had assign Show less Read more
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