Glacier Bancorp price target raised to $45 from $43 at Truist

Truist raised the firm’s price target on Glacier Bancorp to $45 from $43 and keeps a Hold rating on the shares as part of a broader research note recapping Q4 results in Community and Regional Banks. The firm’s revisions reflect higher net interest income and lower provisioning offset partially by higher operating expenses, the analyst tells investors in a research note, the analyst tells investors in a research note. Truist adds however that its net interest margin estimate of 2.77% is below the management’s guidance range of 2.80% to 2.90% due to its more conservative assumptions on loan repricing that should be a more meaningful tailwind in 2025.