Banner Corporation (BANR) is Reiterated by FBR Capital to Mkt Perform, Lowers Price Target to $ 48

Banner Corporation (BANR) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 48 from a previous price target of $50 . FBR Capital advised their investors in a research report released on Jul 29, 2016.

Banner Corporation closed down -0.75 points or -1.74% at $42.26 with 1,02,019 shares getting traded on Thursday. Post opening the session at $42.84, the shares hit an intraday low of $41.03 and an intraday high of $42.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 9, 2016, Douglas M Bennett (Executive VP, Banner Bank) sold 1,386 shares at $41.78 per share price. According to the SEC, on Mar 8, 2016, Steven W Rust (Executive VP Banner Bank) sold 304 shares at $42.02 per share price. On Dec 3, 2015, Brent A Orrico (director) sold 200 shares at $51.51 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Banner Corporation

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