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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

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