Banner Corporation (BANR) VP Sells $14,162.50 in Stock
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.
TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/15/banner-corporation-banr-vp-sells-14162-50-in-stock.html.
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.
Receive News & Ratings for Banner Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner Corporation and related companies with MarketBeat.com's FREE daily email newsletter.