Glacier Bancorp rises after Piper Sandler upgrades to 'overweight'

Glacier Bancorp

18/12/2025 11:58

** Shares of regional lender Glacier Bancorp GBCI.N rise 1.33% to $45.73 premarket

** Piper Sandler upgrades GBCI to "overweight" from "neutral"; raises PT to $58 from $50, a 28.5% upside to stock's last close

** Brokerage cites margin improvement, strong earnings growth, cheap valuation and solid credit quality

** GBCI's margins are set to keep improving through 2027 thanks to loan and securities repricing, steady loan growth and lower funding costs, with net interest margin expected to rise above 4%, brokerage says

** Piper Sandler sees GBCI's stock underperformance YTD look unwarranted creating an attractive entry point as profitability improves and new markets like Texas add clients

** GBCI has a strong M&A track record and now has even more targets after entering Texas, making future deals likely and supporting its continued earnings growth, brokerage says

** 5 of 6 brokerages rate the stock "buy" or higher, 1 "hold"; median PT is $51.50 — data compiled by LSEG

** As of last close, GBCI down 10.1% YTD vs +7.2% gain for the Nasdaq Bank Index .IXBK

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com))