Banner Corp. (NASDAQ:BANR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “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. “

Several other equities analysts have also weighed in on the company. DA Davidson restated a “buy” rating and issued a $52.00 price target on shares of Banner Corp. in a research note on Tuesday, August 23rd. 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 research note on Thursday, July 28th. Finally, 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 research note on Friday, July 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $50.40.

Shares of Banner Corp. (NASDAQ:BANR) opened at 43.84 on Monday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 23.01 and a beta of 1.70. Banner Corp. has a one year low of $35.39 and a one year high of $53.55. The stock has a 50 day moving average price of $43.16 and a 200 day moving average price of $42.63.

Banner Corp. (NASDAQ:BANR) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by $0.05. Banner Corp. had a net margin of 13.96% and a return on equity of 6.70%. Equities analysts forecast that Banner Corp. will post $2.80 earnings per share for the current year.

A number of large investors have recently bought and sold shares of BANR. Nuveen Asset Management LLC boosted its stake in 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 during the last quarter. William Blair Investment Management LLC purchased a new stake in Banner Corp. during the second quarter valued at about $7,809,000. Legal & General Group Plc boosted its stake in Banner Corp. by 111.2% in the first quarter. Legal & General Group Plc now owns 6,115 shares of the financial services provider’s stock valued at $258,000 after buying an additional 3,219 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in Banner Corp. by 3.7% in the first quarter. Kennedy Capital Management Inc. now owns 450,450 shares of the financial services provider’s stock valued at $18,937,000 after buying an additional 16,278 shares during the last quarter. Finally, Menta Capital LLC boosted its stake in Banner Corp. by 65.3% in the first quarter. Menta Capital LLC now owns 8,100 shares of the financial services provider’s stock valued at $341,000 after buying an additional 3,200 shares during the last quarter. Institutional investors own 77.17% of the company’s stock.

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.

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