Stock analysts at Keefe, Bruyette & Woods hoisted their target price on shares of Glacier Bancorp (NASDAQ:GBCI) from $18.00 to $25.00 in a report issued on Monday, AnalystRatings.Net reports. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 3.61% from the stock’s previous close.
Shares of Glacier Bancorp (NASDAQ:GBCI) traded up 1.16% during mid-day trading on Monday, hitting $24.41. Glacier Bancorp has a 52 week low of $13.25 and a 52 week high of $24.40. The stock’s 50-day moving average is currently $22.40. The company has a market cap of $1.796 billion and a P/E ratio of 20.80.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust upgraded shares of Glacier Bancorp from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a GBX 27 ($0.42) price target on the stock, up previously from GBX 20 ($0.31). Analysts at RBC Capital upgraded shares of Glacier Bancorp from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, June 12th. They now have a $22.00 price target on the stock, up previously from $19.00.
One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.50.
Glacier Bancorp, Inc is a regional multi-bank holding company. As of December 31, 2012, the Company provided commercial banking services from 108 locations in Montana, Idaho, Wyoming, Colorado, Utah and Washington.
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