News headlines about Banner Corporation (NASDAQ:BANR) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Banner Corporation earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.5218612864886 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of analysts recently weighed in on BANR shares. BidaskClub upgraded Banner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Monday, July 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $57.00.
Banner Corporation (NASDAQ BANR) traded up 1.39% during mid-day trading on Monday, hitting $54.88. The company had a trading volume of 19,710 shares. The firm has a market cap of $1.83 billion, a P/E ratio of 19.12 and a beta of 1.05. The stock’s 50 day moving average price is $55.99 and its 200 day moving average price is $55.85. Banner Corporation has a 52-week low of $42.66 and a 52-week high of $60.97.
Banner Corporation (NASDAQ:BANR) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. The firm had revenue of $122.18 million for the quarter, compared to analysts’ expectations of $119.46 million. On average, equities research analysts predict that Banner Corporation will post $3.09 EPS for the current fiscal year.
In related news, Director Gary Sirmon sold 3,333 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $55.46, for a total value of $184,848.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Cynthia D. Purcell sold 1,007 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total value of $55,999.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,006 shares of company stock worth $614,910. 1.71% of the stock is owned by insiders.
Banner Corporation Company Profile
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 Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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