November 28, 2016 - By Michael Collier
A well-grounded and judicious transaction was made by the Executive VP – Banner Bank of Banner Corp, Mr. Keith Western, a few days ago, when he unloaded number of shares – 8,000, totalling $415,550 U.S. Dollars, based on an average weighted cost of $51.9 for each share. Today, Keith Western owns 21,257 shares which make up about 0.06% of the company’s market capitalization.
Out of 7 analysts covering Banner Corporation (NASDAQ:BANR), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $54 is the highest target while $2 is the lowest. The $44.29 average target is -15.15% below today’s ($52.2) stock price. Banner Corporation has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. FIG Partners downgraded the shares of BANR in a report on Friday, November 4 to “Market Perform” rating. The stock has “Mkt Perform” rating given by FBR Capital on Friday, July 29. Keefe Bruyette & Woods downgraded Banner Corporation (NASDAQ:BANR) rating on Friday, October 23. Keefe Bruyette & Woods has “Market Perform” rating and $51 price target. The company was initiated on Monday, September 28 by Piper Jaffray. FBR Capital reinitiated Banner Corporation (NASDAQ:BANR) on Tuesday, October 11 with “Mkt Perform” rating.
Insitutional Activity: The institutional sentiment decreased to 1.48 in 2016 Q2. Its down 0.27, from 1.75 in 2016Q1. The ratio fall, as 5 funds sold all Banner Corporation shares owned while 39 reduced positions. 18 funds bought stakes while 59 increased positions. They now own 25.63 million shares or 11.67% more from 22.96 million shares in 2016Q1.
Millennium Mgmt Limited Liability accumulated 0.01% or 113,954 shares. The West Virginia-based Wesbanco Bancorporation has invested 0.05% in Banner Corporation (NASDAQ:BANR). Plante Moran Fincl Ltd Com holds 0% of its portfolio in Banner Corporation (NASDAQ:BANR) for 70 shares. Aperio Gru Limited Liability accumulated 0% or 4,899 shares. Ls Investment Advsrs Ltd Company, a Michigan-based fund reported 724 shares. Employees Retirement Association Of Colorado holds 7,636 shares or 0% of its portfolio. Blackrock Invest Ltd Limited Liability Company holds 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR) for 132,111 shares. Ny State Teachers Retirement System holds 0% of its portfolio in Banner Corporation (NASDAQ:BANR) for 11,101 shares. Arizona State Retirement has invested 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR). Stifel Fincl Corp has invested 0.01% of its portfolio in Banner Corporation (NASDAQ:BANR). Jacobs Levy Equity Management accumulated 0.02% or 17,925 shares. Mesirow Fincl Investment accumulated 6,150 shares or 0.02% of the stock. Strs Ohio, a Ohio-based fund reported 897,809 shares. Citadel Advsr Limited Liability Com accumulated 0% or 27,732 shares. Quantbot Techs Limited Partnership reported 2,326 shares or 0.01% of all its holdings.
Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 6 sales for $74.01 million net activity. PURCELL CYNTHIA D had sold 400 shares worth $17,300. Another trade for 848 shares valued at $39,915 was made by Larsen Kenneth A on Friday, November 11. The insider Fleischer Spencer C sold 720,000 shares worth $34.79 million. Rust Steven W also sold $17,484 worth of Banner Corporation (NASDAQ:BANR) shares. BENNETT DOUGLAS M sold 303 shares worth $13,238.
About 271,859 shares traded hands. Banner Corporation (NASDAQ:BANR) has risen 22.76% since April 25, 2016 and is uptrending. It has outperformed by 16.75% the S&P500.
Banner Corporation is a bank holding company. The company has a market cap of $1.76 billion. The Firm is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. It has a 25.63 P/E ratio. 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.
According to Zacks Investment Research, “Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans.”
Analysts await Banner Corporation (NASDAQ:BANR) to report earnings on January, 25. They expect $0.74 earnings per share, up 29.82% or $0.17 from last year’s $0.57 per share. BANR’s profit will be $24.95 million for 17.64 P/E if the $0.74 EPS becomes a reality. After $0.74 actual earnings per share reported by Banner Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More news for Banner Corporation (NASDAQ:BANR) were recently published by: Globenewswire.com, which released: “Banner Corporation Announces Election of Directors” on March 03, 2016. Equitiesfocus.com‘s article titled: “Banner Corporation (NASDAQ:BANR) 50-day Moving Average At $46.24” and published on November 28, 2016 is yet another important article.
Banner Corporation, incorporated on May 14, 1998, is a bank holding company. The Firm is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. The Company’s electronic banking activities include debit card and automated teller machine (ATM) programs, online Internet banking services, and customer remote deposit and mobile banking capabilities. 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. Islanders Bank is a community bank that offers banking services to individuals, businesses and public entities located primarily in the San Juan Islands.
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