Glacier Bancorp price target raised to $32 from $31 at Truist

Truist analyst Brandon King raised the firm’s price target on Glacier Bancorp to $32 from $31 and keeps a Hold rating on the shares as part of a broader research note recapping Q3 results for Community and Regional Banks. The firm is citing the company’s higher net interest margins and lower expense growth, though it also sees the margin expansion as limited in the second half of 2024 from slower loan growth and less fixed rate loan repricing relative to some peers, the analyst tells investors in a research note.