Glacier Bancorp price target raised to $58 from $53 at DA Davidson

DA Davidson analyst Jeff Rulis raised the firm’s price target on Glacier Bancorp (GBCI) to $58 from $53 and keeps a Buy rating on the shares after its Q1 results. An outside net interest margin jump was a clear highlight, supporting the management’s forward margin guidance, the analyst tells investors in a research note. Growth was modest in a seasonally slow Q1, but the bank is off to a nice start in Texas with over 7% annualized growth, the firm added.