Truist Securities Maintains Buy Rating for Glacier Bancorp: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Glacier Bancorp GBCI and lower its price target from $40.00 to $34.00.

Shares of Glacier Bancorp are trading up 1.52% over the last 24 hours, at $31.33 per share.

A move to $34.00 would account for a 8.52% increase from the current share price.

About Glacier Bancorp

Glacier Bancorp Inc is a regional bank holding company providing commercial banking services to scores of communities through its wholly-owned bank subsidiary, Glacier Bank. The bank operates a multitude of banking offices in Montana, Idaho, Colorado, Utah, Washington, and Wyoming. The bank's wide range of products and services include deposit, loans, and mortgage origination services, among others. The bank primarily serves individuals, small- to medium-sized businesses, community organizations, and public entities. Glacier's strategy emphasizes both internal growth and growth through selective acquisitions. A majority of the bank's loan portfolio is in commercial real estate, while a majority of its net revenue is net interest income.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.