Profit Fan
Value

Glacier Bancorp: Pullback Not Justified After Impressive Results

A little over a year ago I wrote about Glacier Bancorp (NASDAQ:GBCI) in an article titled: Acquisitions and Rising Dividend Make This Regional One To Watch. Four months later, shares were up ~36%. Needless to say, my title would have been better off had I replaced Watch with Buy, but shares have retreated since this time, and they now trade 10% below their 52-week high.

Prompted by the pull-back, this article will review the current position of the bank to determine if the stock is a buy at the current share price, and also serve as an updated marker for future verification of my ability to get a title correct.

GBCI data by YCharts

What Has Been Melting...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details