Brean Capital has resumed analyst coverage of Glacier Bancorp (NYSE:GBCI), assigning a Hold rating and establishing a $55.00 price target. The move follows Brean’s acquisition of Janney Montgomery Scott’s Banking and Insurance capital markets teams on January 30 - the transaction that prompted the re-initiation of coverage.
The $55.00 target sits modestly above Glacier Bancorp’s most recent trading level of $52.16, with the stock trading near its 52-week high of $53.99. Brean’s forecasts call for earnings per share of $0.69 in the first quarter of 2026, $3.29 for full-year 2026 and $3.74 in 2027.
Brean notes that its $55.00 price objective equates to 16.7 times its forward, four-quarter EPS estimate. The firm’s target also represents 240% of its forward tangible book value projection of $22.92. By comparison, InvestingPro data show GBCI trading at a trailing P/E of 26.18 - a level Brean characterizes as high relative to the bank’s near-term earnings growth prospects.
Corporate leadership developments at Glacier Bancorp were also highlighted. The company announced that Executive Vice President and Chief Financial Officer Ron Copher will retire after two decades with the bank once a replacement is identified. Copher is expected to remain in his CFO role through the appointment of a successor and will serve as a special assistant in an advisory capacity thereafter while the company conducts internal and external searches.
Brean’s research memo emphasizes that Glacier Bancorp benefits from a stable executive bench - long-tenured bankers are running key verticals alongside experienced associate executives. Brean stated that it does not expect the CFO transition to impede the bank’s acquisition strategy.
Glacier Bancorp’s most recent quarterly results were largely consistent with expectations. The company reported fourth-quarter 2025 earnings per share of $0.49, matching analyst forecasts. Revenue for the quarter came in at $306.51 million, slightly above the $304.82 million that analysts had anticipated.
Other brokerages have also adjusted their views. Raymond James raised its price target on Glacier Bancorp from $49 to $55 and maintained an Outperform rating, citing margin expansion and earnings growth and projecting the net interest margin to top 4% by the end of 2026. Keefe, Bruyette & Woods raised its price target from $55 to $58 and identified the bank as a "Top Idea for 2026."
Investors are likely to look to Glacier Bancorp’s next scheduled earnings release, which InvestingPro data indicate is expected on April 16. That report will provide updated metrics against which the new and revised analyst targets can be assessed.
Key financial metrics and leadership developments presented by Brean and peer firms frame the current analyst landscape for Glacier Bancorp. Brean’s Hold rating and $55.00 target reflect a blend of measured optimism on earnings and caution around valuation relative to near-term growth projections.