<p>派珀·桑德勒最近将冰川万通金控（GBCI）的评级上调至增持，理由是预计到 2027 年利润率将改善，盈利势头强劲，以及相对于其长期业绩，估值仍然显得具有吸引力。</p>
<p>查看我们对冰川万通金控的最新分析。</p>
<p>此次评级上调是在近期表现良好的基础上进行的，过去一个月的股价回报率超过 8%，帮助弥补了今年的一些弱势。然而，年初至今的股价回报率和一年总股东回报率仍然略显负面，表明早期的势头开始重建，而不是完全扭转趋势。</p>
<p>如果这种重新评级的故事吸引你，值得关注哪些银行和金融公司展现出稳定的盈利能力和内部信心，可以通过探索快速增长且内部持股比例高的股票来实现。</p>
<p>随着盈利加速，而股价仍滞后于其上调的目标，冰川万通金控是否在悄然提供价值，还是投资者已经为未来几年的利润扩张和交易驱动的增长支付了溢价？</p>
<h2>最受欢迎的叙述：14.4% 被低估</h2>
<p>冰川万通金控最近收盘价为 45.63 美元，而最受关注的叙述将公允价值定在 53.33 美元附近，形成了投资者试图解释的显著上行差距。</p>
<blockquote>
<p><em>冰川万通金控核心市场的持续迁移和人口增长，推动了强劲的贷款和存款增长，使该银行在这些地区城市化和发展的过程中，具备可持续的收入和盈利扩张能力。</em></p>
</blockquote>
<p>阅读完整叙述。</p>
<p>好奇快速的区域增长、上升的利润率和更高的未来盈利倍数如何汇聚成这个估值差距？想看看推动这一公允价值判断的确切蓝图及其假设的利润轨迹吗？</p>
<p><strong>结果：公允价值为 53.33 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，非利息支出的上升和对商业房地产的较高暴露可能会对利润率和资产质量施加压力，挑战长期的盈利和估值叙述。</p>
<p>了解冰川万通金控叙述的关键风险。</p>
<h2>另一种看待价值的方式</h2>
<p>从盈利来看，冰川万通金控的估值显得紧张，交易利润约为 25 倍，而美国银行业整体约为 11.9 倍，公允比例为 19.2 倍。如果增长或利润率令人失望，这种溢价可能会迅速消失。上行空间真的值得承担估值风险吗？</p>
<p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/bdde420c-04f6-4eeb-aeff-d5f602ee36e8/chart/pe-multiple-vs-industry?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/bdde420c-04f6-4eeb-aeff-d5f602ee36e8/chart/pe-multiple-vs-industry"/></p>
<p>截至 2025 年 12 月的纽约证券交易所：GBCI 市盈率</p>
<h2>构建你自己的冰川万通金控叙述</h2>
<p>如果你对这个故事有不同的看法，或者想用自己的数据驱动观点来检验这些假设，你可以在几分钟内构建一个个人叙述：按你的方式进行。</p>
<p>进行冰川万通金控研究的一个很好的起点是我们的分析，强调 3 个关键收益和 1 个重要警示信号，这可能会影响你的投资决策。</p>
<h2>寻找更多投资想法？</h2>
<p>在你可以系统性地发现新机会的 Simply Wall Street 上，不要止步于冰川万通金控，那里有针对性的筛选工具帮助你更快、更有信心地行动。</p>
<ul>
<li>通过使用这 24 只 AI 便士股票捕捉高潜力增长，精准定位将人工智能转化为真正竞争优势并扩展收入来源的公司。</li>
<li>通过这些 12 只收益率超过 3% 的分红股票锁定潜在收入来源，专注于提供可持续现金流的企业。</li>
<li>通过这些 79 只加密货币和区块链股票，提前布局，跟踪数字资产、区块链基础设施和下一代支付网络的上市机会。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
<p>移动基础设施用于国防和灾难</p>
<p>下一波机器人革命不是人形机器人，而是能够在 30 分钟内提供 5G、ISR 和雷达的全自动塔，适用于任何地方。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

冰川万通金控

<p>Piper Sandler 将 Glacier Bancorp (GBCI) 的评级上调至增持，理由是预计到 2027 年利润率将改善，盈利势头强劲，以及估值具有吸引力。尽管最近股价上涨了 8%，但该股票仍被低估，公允价值为 53.33 美元，而其最近收盘价为 45.63 美元。风险包括非利息支出的上升和对商业房地产的暴露。Glacier Bancorp 的市盈率为 25，超过行业平均水平 11.9，如果增长或利润率未能达标，将面临估值风险</p>

<p>Piper Sandler recently raised its rating on Glacier Bancorp (GBCI) to overweight, citing expectations for improving margins through 2027, solid earnings momentum, and a valuation that still appears attractive relative to its long-term track record.</p>
<div class="lb-trans"><p>派珀·桑德勒最近将冰川万通金控（GBCI）的评级上调至增持，理由是预计到 2027 年利润率将改善，盈利势头强劲，以及相对于其长期业绩，估值仍然显得具有吸引力。</p>
</div><p>See our latest analysis for Glacier Bancorp.</p>
<div class="lb-trans"><p>查看我们对冰川万通金控的最新分析。</p>
</div><p>The upgrade lands after a solid near term run, with a 1 month share price return of just over 8 percent helping claw back some of this year’s weakness. However, the year to date share price return and 1 year total shareholder return are still slightly negative, suggesting early momentum is starting to rebuild rather than fully turn the trend.</p>
<div class="lb-trans"><p>此次评级上调是在近期表现良好的基础上进行的，过去一个月的股价回报率超过 8%，帮助弥补了今年的一些弱势。然而，年初至今的股价回报率和一年总股东回报率仍然略显负面，表明早期的势头开始重建，而不是完全扭转趋势。</p>
</div><p>If this kind of rerating story appeals, it is also worth seeing which banks and financials are showing steady earnings power and insider confidence by exploring fast growing stocks with high insider ownership.</p>
<div class="lb-trans"><p>如果这种重新评级的故事吸引你，值得关注哪些银行和金融公司展现出稳定的盈利能力和内部信心，可以通过探索快速增长且内部持股比例高的股票来实现。</p>
</div><p>With earnings accelerating and the share price still lagging its upgraded target, is Glacier Bancorp quietly offering value, or are investors already paying up for years of margin expansion and deal driven growth ahead?</p>
<div class="lb-trans"><p>随着盈利加速，而股价仍滞后于其上调的目标，冰川万通金控是否在悄然提供价值，还是投资者已经为未来几年的利润扩张和交易驱动的增长支付了溢价？</p>
</div><h2>Most Popular Narrative Narrative: 14.4% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：14.4% 被低估</h2>
</div><p>Glacier Bancorp last closed at 45.63 dollars, while the most followed narrative pegs fair value near 53.33 dollars, framing a meaningful upside gap investors are trying to explain.</p>
<div class="lb-trans"><p>冰川万通金控最近收盘价为 45.63 美元，而最受关注的叙述将公允价值定在 53.33 美元附近，形成了投资者试图解释的显著上行差距。</p>
</div><blockquote>
<p><em>The continued migration and population growth in Glacier Bancorp's core markets of the Mountain West and Pacific Northwest are driving robust loan and deposit growth, positioning the bank for sustainable revenue and earnings expansion as these regions urbanize and develop.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>冰川万通金控核心市场的持续迁移和人口增长，推动了强劲的贷款和存款增长，使该银行在这些地区城市化和发展的过程中，具备可持续的收入和盈利扩张能力。</em></p>
</blockquote>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious how rapid regional growth, rising margins, and a richer future earnings multiple all converge into that valuation gap? Want to see the exact blueprint driving this fair value call and the profit trajectory it assumes?</p>
<div class="lb-trans"><p>好奇快速的区域增长、上升的利润率和更高的未来盈利倍数如何汇聚成这个估值差距？想看看推动这一公允价值判断的确切蓝图及其假设的利润轨迹吗？</p>
</div><p><strong>Result: Fair Value of $53.33 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 53.33 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, rising noninterest expenses and heavier exposure to commercial real estate could pressure margins and asset quality, challenging the long term earnings and valuation narrative.</p>
<div class="lb-trans"><p>然而，非利息支出的上升和对商业房地产的较高暴露可能会对利润率和资产质量施加压力，挑战长期的盈利和估值叙述。</p>
</div><p>Find out about the key risks to this Glacier Bancorp narrative.</p>
<div class="lb-trans"><p>了解冰川万通金控叙述的关键风险。</p>
</div><h2>Another Way to Look at Value</h2>
<div class="lb-trans"><h2>另一种看待价值的方式</h2>
</div><p>On earnings, Glacier Bancorp looks stretched, trading at about 25 times profits versus roughly 11.9 times for the wider US banks industry and a fair ratio of 19.2 times. That premium can quickly unwind if growth or margins disappoint. Is the upside really worth the valuation risk?</p>
<div class="lb-trans"><p>从盈利来看，冰川万通金控的估值显得紧张，交易利润约为 25 倍，而美国银行业整体约为 11.9 倍，公允比例为 19.2 倍。如果增长或利润率令人失望，这种溢价可能会迅速消失。上行空间真的值得承担估值风险吗？</p>
</div><p>See what the numbers say about this price — find out in our valuation breakdown.</p>
<div class="lb-trans"><p>查看数字对这一价格的看法——在我们的估值分析中了解更多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/bdde420c-04f6-4eeb-aeff-d5f602ee36e8/chart/pe-multiple-vs-industry" alt="" original-src="https://images.simplywall.st/company/bdde420c-04f6-4eeb-aeff-d5f602ee36e8/chart/pe-multiple-vs-industry"/></p>
<p>NYSE:GBCI PE Ratio as at Dec 2025</p>
<div class="lb-trans"><p>截至 2025 年 12 月的纽约证券交易所：GBCI 市盈率</p>
</div><h2>Build Your Own Glacier Bancorp Narrative</h2>
<div class="lb-trans"><h2>构建你自己的冰川万通金控叙述</h2>
</div><p>If you see the story differently or want to stress test these assumptions with your own data driven view, you can build a personal narrative in just minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同的看法，或者想用自己的数据驱动观点来检验这些假设，你可以在几分钟内构建一个个人叙述：按你的方式进行。</p>
</div><p>A great starting point for your Glacier Bancorp research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>进行冰川万通金控研究的一个很好的起点是我们的分析，强调 3 个关键收益和 1 个重要警示信号，这可能会影响你的投资决策。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Do not stop at Glacier Bancorp when you can systematically uncover fresh opportunities on Simply Wall Street, where targeted screeners help you move faster and with more conviction.</p>
<div class="lb-trans"><p>在你可以系统性地发现新机会的 Simply Wall Street 上，不要止步于冰川万通金控，那里有针对性的筛选工具帮助你更快、更有信心地行动。</p>
</div><ul>
<li>Capture high potential growth by using these 24 AI penny stocks to pinpoint companies turning artificial intelligence into real competitive advantages and expanding revenue streams.</li>
<li>Lock in potential income streams with these 12 dividend stocks with yields &gt; 3%, focusing on businesses offering yields above 3 percent backed by sustainable cash flows.</li>
<li>Position yourself ahead of the crowd through these 79 cryptocurrency and blockchain stocks, where you can track listed plays on digital assets, blockchain infrastructure, and next generation payment networks.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过使用这 24 只 AI 便士股票捕捉高潜力增长，精准定位将人工智能转化为真正竞争优势并扩展收入来源的公司。</li>
<li>通过这些 12 只收益率超过 3% 的分红股票锁定潜在收入来源，专注于提供可持续现金流的企业。</li>
<li>通过这些 79 只加密货币和区块链股票，提前布局，跟踪数字资产、区块链基础设施和下一代支付网络的上市机会。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，内容具有一般性。<strong>我们基于历史数据和分析师预测提供评论，仅使用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也未考虑你的目标或财务状况。我们的目标是为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>移动基础设施用于国防和灾难</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人革命不是人形机器人，而是能够在 30 分钟内提供 5G、ISR 和雷达的全自动塔，适用于任何地方。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
</div>

在 Piper Sandler 将评级上调至增持并展望利润率扩张后，重新评估冰川万通金控（GBCI）