On a relative basis, the stock has outperformed the S&P 500 by 3.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.32% in the last 1 week, and is up 1.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.06% and the 50-Day Moving Average is 1.09%.The 200 Day SMA reached 2.44% Banner Corporation is up 6.88% in the last 3-month period. Year-to-Date the stock performance stands at -4.12%.
Banner Corporation (BANR) : The highest level Banner Corporation (BANR) is projected to reach is $52 for the short term and the lowest estimate is at $48. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $49.33 and the possibility the share price can swing is $1.75.
For the current week, the company shares have a recommendation consensus of Buy. Banner Corporation (NASDAQ:BANR): The stock opened at $43.35 and touched an intraday high of $43.74 on Friday. During the day, the stock corrected to an intraday low of $43.01, however, the bulls stepped in and pushed the price higher to close in the green at $43.52 with a gain of 0.07% for the day. The total traded volume for the day was 1,000,008. The stock had closed at $43.52 in the previous trading session.
Banner Corporation is a bank holding company for its wholly owned 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. Islanders Bank is a community bank that offers banking services to individuals, businesses and public entities located primarily in the San Juan Islands. The Banks primary business includes accepting deposits and originating loans in locations surrounding its offices in portions of Washington, Oregon and Idaho. Banner Bank also engages in mortgage banking operations primarily through the origination and sale of one to four-family residential loans. As of December 31, 2014, the Company had total consolidated assets of $4.7 billion, net loans of $3.8 billion, total deposits of $3.9 billion and total stockholders equity of $584 million.