Banner Corp. (NASDAQ:BANR) Director Spencer C. Fleischer sold 720,000 shares of Banner Corp. stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $48.32, for a total transaction of $34,790,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Banner Corp. (NASDAQ:BANR) opened at 51.09 on Wednesday. Banner Corp. has a one year low of $35.39 and a one year high of $53.14. The firm has a 50-day moving average of $45.60 and a 200 day moving average of $43.62. The stock has a market capitalization of $1.71 billion, a PE ratio of 25.16 and a beta of 1.23.

Banner Corp. (NASDAQ:BANR) last announced its earnings results on Wednesday, October 26th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.01. Banner Corp. had a net margin of 14.75% and a return on equity of 6.78%. On average, equities research analysts anticipate that Banner Corp. will post $2.80 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Banner Corp. (NASDAQ:BANR)

Several research firms recently commented on BANR. FIG Partners lowered shares of Banner Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th. Zacks Investment Research lowered shares of Banner Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. FBR & Co reissued a “hold” rating and set a $46.00 price objective on shares of Banner Corp. in a research note on Friday, October 28th. Finally, DA Davidson reissued a “buy” rating and set a $52.00 price objective on shares of Banner Corp. in a research note on Tuesday, August 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $49.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of BANR. Vanguard Group Inc. increased its position in Banner Corp. by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,170,618 shares of the financial services provider’s stock valued at $92,338,000 after buying an additional 103,391 shares in the last quarter. BlackRock Fund Advisors increased its position in Banner Corp. by 25.7% in the third quarter. BlackRock Fund Advisors now owns 1,907,165 shares of the financial services provider’s stock valued at $83,419,000 after buying an additional 389,340 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Banner Corp. by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,231,501 shares of the financial services provider’s stock valued at $52,387,000 after buying an additional 185,456 shares in the last quarter. Perkins Investment Management LLC increased its position in Banner Corp. by 48.1% in the third quarter. Perkins Investment Management LLC now owns 1,053,529 shares of the financial services provider’s stock valued at $46,081,000 after buying an additional 342,254 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Banner Corp. by 41.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 898,975 shares of the financial services provider’s stock valued at $39,321,000 after buying an additional 265,024 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

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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.

5 Day Chart for NASDAQ:BANR

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