On Tuesday, Glacier Bancorp (GBCI) got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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Glacier Bancorp is now out of buy range after breaking out from a 45.04 entry in a cup with handle.
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The stock earns a 93 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 93% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company reported 39% earnings growth. Sales growth increased 24%, up from 14% in the prior quarter. That marks one quarter of increasing revenue gains.
Glacier Bancorp holds the No. 9 rank among its peers in the Banks-West/Southwest industry group. Hilltop (HTH), Silvergate Cap Corp Cl A (SI) and Spirit ofTexBancshr (STXB) are among the top 5 highly-rated stocks within the group.
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Originally published at https://www.investors.com/ibd-data-stories/glacier-bancorp-earns-ibd-stock-rating-upgrade/ on .
