Banner Corp. (BANR) Receives Consensus Rating of “Hold” from Brokerages
Shares of Banner Corp. (NASDAQ:BANR) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $49.00.
BANR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on Banner Corp. from $49.00 to $48.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. FBR & Co cut their price target on Banner Corp. from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, July 29th. Zacks Investment Research raised Banner Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 15th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $52.00 price target on shares of Banner Corp. in a report on Tuesday, August 23rd.
Shares of Banner Corp. (NASDAQ:BANR) opened at 49.47 on Wednesday. The firm has a market capitalization of $1.66 billion, a PE ratio of 24.36 and a beta of 1.23. Banner Corp. has a 12-month low of $35.39 and a 12-month high of $53.14. The company’s 50 day moving average is $45.26 and its 200 day moving average is $43.48.
Banner Corp. (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. Banner Corp. had a return on equity of 6.78% and a net margin of 14.75%. On average, analysts forecast that Banner Corp. will post $2.80 earnings per share for the current year.
In other Banner Corp. news, insider Kenneth A. Larsen sold 848 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $47.07, for a total transaction of $39,915.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Spencer C. Fleischer sold 905,000 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $43.24, for a total value of $39,132,200.00. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the company. State of Wisconsin Investment Board boosted its stake in shares of Banner Corp. by 25.0% in the third quarter. State of Wisconsin Investment Board now owns 250,000 shares of the financial services provider’s stock valued at $10,935,000 after buying an additional 50,000 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Banner Corp. by 11.8% in the first quarter. Nuveen Asset Management LLC now owns 127,211 shares of the financial services provider’s stock valued at $5,348,000 after buying an additional 13,386 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Banner Corp. during the second quarter valued at $7,809,000. Prudential Financial Inc. boosted its stake in shares of Banner Corp. by 9.7% in the second quarter. Prudential Financial Inc. now owns 118,427 shares of the financial services provider’s stock worth $5,038,000 after buying an additional 10,500 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its stake in shares of Banner Corp. by 126.5% in the second quarter. Monarch Partners Asset Management LLC now owns 359,050 shares of the financial services provider’s stock worth $15,274,000 after buying an additional 200,530 shares during the period. 81.54% of the stock is owned by hedge funds and other institutional investors.
About Banner Corp.
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.
Receive News & Stock Ratings for Banner Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner Corp. and related stocks with our FREE daily email newsletter.