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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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