Keefe Bruyette raised the firm’s price target on Glacier Bancorp (GBCI) to $52 from $50 and keeps a Market Perform rating on the shares. The transaction with Guaranty Bancshares (GNTY) checks all the boxes Glacier looks for in terms of acquisition size and geography, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GBCI:
- Glacier Bancorp price target raised to $48 from $45 at Raymond James
- Glacier Bancorp Announces Merger with Guaranty Bancshares
- Glacier Bancorp to acquire Guaranty Bancshares in $476.2M all-stock transaction
- Glacier Bancorp upgraded to Buy from Neutral at Janney Montgomery Scott
- Glacier Bancorp Completes Acquisition of Bank of Idaho