Banner Corporation (NASDAQ:BANR) VP Richard B. Barton sold 250 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $56.65, for a total transaction of $14,162.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Banner Corporation (NASDAQ:BANR) traded up 0.94% during midday trading on Friday, reaching $57.11. 1,122,571 shares of the company traded hands. Banner Corporation has a one year low of $42.93 and a one year high of $60.97. The company has a 50 day moving average price of $55.92 and a 200-day moving average price of $55.81. The stock has a market capitalization of $1.90 billion, a P/E ratio of 19.89 and a beta of 1.05.

Banner Corporation (NASDAQ:BANR) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%. The company had revenue of $122.18 million for the quarter, compared to analysts’ expectations of $119.46 million. Analysts forecast that Banner Corporation will post $3.10 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. boosted its holdings in shares of Banner Corporation by 4.7% in the 2nd quarter. Phocas Financial Corp. now owns 304,214 shares of the financial services provider’s stock valued at $17,346,000 after buying an additional 13,575 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Banner Corporation by 114.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 16,322 shares of the financial services provider’s stock valued at $922,000 after buying an additional 8,725 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Banner Corporation in the 2nd quarter valued at about $320,000. Dean Capital Management bought a new stake in shares of Banner Corporation in the 2nd quarter valued at about $3,243,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Banner Corporation by 11.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 89.14% of the company’s stock.

A number of equities research analysts have recently weighed in on BANR shares. BidaskClub raised shares of Banner Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Stephens started coverage on shares of Banner Corporation in a research note on Wednesday. They set an “equal weight” rating and a $60.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Banner Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Banner Corporation currently has an average rating of “Hold” and a consensus target price of $57.75.

About Banner Corporation

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 Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.

Insider Buying and Selling by Quarter for Banner Corporation (NASDAQ:BANR)

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