Banner Corporation (BANR) is Resumed by FBR & Co. to Mkt Perform, Raises Price Target to $ 46

Banner Corporation (BANR) was Resumed by FBR & Co. to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 46 from a previous price target of $45 . FBR & Co. advised their investors in a research report released on Oct 11, 2016.

Many Wall Street Analysts have commented on Banner Corporation. Shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 48 from a previous price target of $50 .

Banner Corporation opened for trading at $44.55 and hit $44.64 on the upside on Friday, eventually ending the session at $44.57, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 1,22,736 shares. Company has a market cap of $1,531 M.

In a different news, on Sep 19, 2016, Cynthia D Purcell (Executive Vice President) sold 400 shares at $43.25 per share price. According to the SEC, on Sep 2, 2016, Douglas M Bennett (Executive VP, Banner Bank) sold 303 shares at $43.69 per share price. On Sep 1, 2016, Steven W Rust (Executive VP, Banner Bank) sold 401 shares at $43.60 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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