Banner Corporation (BANR) Earning Somewhat Positive Media Coverage, Analysis Shows
News headlines about Banner Corporation (NASDAQ:BANR) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Banner Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.309868108975 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
- $0.77 Earnings Per Share Expected for Banner Corporation (BANR) This Quarter (americanbankingnews.com)
- Banner Corporation (BANR) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- Banner Corporation (BANR) VP Sells $14,162.50 in Stock (americanbankingnews.com)
- Banner Corp. breached its 50 day moving average in a Bullish Manner : BANR-US : September 13, 2017 (finance.yahoo.com)
- Banner Corporation (BANR) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Banner Corporation (NASDAQ:BANR) traded up 0.94% during trading on Friday, hitting $57.11. 1,122,739 shares of the stock traded hands. The stock has a market cap of $1.90 billion, a PE ratio of 19.89 and a beta of 1.05. The company has a 50-day moving average price of $55.88 and a 200 day moving average price of $55.80. Banner Corporation has a one year low of $42.93 and a one year high of $60.97.
Banner Corporation (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $122.18 million during the quarter, compared to analysts’ expectations of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. Analysts expect that Banner Corporation will post $3.10 earnings per share for the current year.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, July 3rd. BidaskClub raised shares of Banner Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. ValuEngine raised shares of Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday. Finally, Stephens assumed coverage on shares of Banner Corporation in a report on Wednesday. They set an “equal weight” rating and a $60.00 target price on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $57.75.
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In other Banner Corporation news, VP Cynthia D. Purcell sold 1,007 shares of Banner Corporation stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total transaction of $55,999.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary Sirmon sold 3,333 shares of Banner Corporation stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $55.46, for a total value of $184,848.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,256 shares of company stock valued at $629,073. Company insiders own 1.71% of the company’s stock.
Banner Corporation Company Profile
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.
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