Banner Corp (BANR) Files Form 4 Insider Selling : Douglas M Bennett Sells 1,386 Shares

Banner Corp (BANR): Douglas M Bennett , Executive VP, Banner Bank of Banner Corp sold 1,386 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $41.78 per share for a total value of $57,911.96 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Douglas M Bennett (Executive VP, Banner Bank) sold 1,386 shares at $41.78 per share price.On Mar 8, 2016, Steven W Rust (Executive VP Banner Bank) sold 304 shares at $42.02 per share price.Also, On Dec 3, 2015, Brent A Orrico (director) sold 200 shares at $51.51 per share price.On Dec 2, 2015, Robert D Adams (director) sold 1,137 shares at $52.08 per share price.

Banner Corporation: On Friday, May 6, 2016 heightened volatility was witnessed in Banner Corporation which led to swings in the share price. The shares opened for trading at $41.15 and hit $42.01 on the upside , eventually ending the session at $41.99, with a gain of 1.11% or 0.46 points. The heightened volatility saw the trading volume jump to 1,39,289 shares. The 52-week high of the share price is $53.55 and the company has a market cap of $1,438 M . The 52-week low of the share price is at $35.39.

Banner Corporation Money Flow Index Chart

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.

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