Stock Rating Downgrade
In recent days the Value Trend Rating for Glacier Bancorp Inc (NYSE: GBCI) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Glacier Bancorp Inc (NYSE: GBCI) stock declined slightly by -0.10% on 8/9/24. The stock closed at $41.94. However, trading volume in this decline was below average at 73% of normal. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GBCI is expected to continue to be a modest Value Builder.
Glacier Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Glacier Bancorp has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 47, and the High Neutral Value Trend Rating results.
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