The slight increase in Glacier Bancorp's future P/E ratio indicates marginally improved earnings expectations, leading to a modest $1 upward revision in the consensus analyst price target to $51.83.
What's in the News
- Net charge-offs for the second quarter totaled $1.6 million, down from $1.8 million in the prior quarter and $2.9 million in the prior year period.
- The majority of charge-offs were $1.5 million in deposit overdraft net charge-offs and $111,000 of net loan charge-offs.
- Glacier Bancorp was added to several Russell indices, including Russell 3000E Growth, Russell 3000 Growth, Russell 2000 Growth, Russell Small Cap Comp Growth, Russell 2500 Growth, Russell 2000 Growth-Defensive, and their corresponding benchmark and index variants.
- The company was dropped from the Russell 2000 Dynamic Index.
Valuation Changes
Summary of Valuation Changes for Glacier Bancorp
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $50.83 to $51.83.
- The Future P/E for Glacier Bancorp has risen slightly from 14.52x to 14.82x.
- The Discount Rate for Glacier Bancorp remained effectively unchanged, moving only marginally from 7.11% to 7.13%.
Disclaimer
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