Glacier Bancorp price target raised to $55 from $52 at Raymond James

Raymond James analyst David Feaster raised the firm’s price target on Glacier Bancorp (GBCI) to $55 from $52 and keeps an Outperform rating on the shares. Glacier Bancorp announced that it will acquire Bank of Idaho Holding Co., the holding company of Bank of Idaho, which checks all the boxes of a “Glacier Deal,” with a high performing bank in strong growth markets with good people and a low-cost core deposit base, bringing immediate EPS accretion, the analyst tells investors in a research note. The firm sees further potential for the bank to supplement its organic growth profile with additional M&A.