Banner Corporation (NASDAQ:BANR) VP Richard B. Barton sold 250 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $56.65, for a total value of $14,162.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Banner Corporation (BANR) traded up 0.94% during trading on Friday, hitting $57.11. The stock had a trading volume of 1,122,739 shares. Banner Corporation has a one year low of $42.93 and a one year high of $60.97. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 19.89 and a beta of 1.05. The stock’s 50-day moving average is $55.88 and its 200 day moving average is $55.80.

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

TRADEMARK VIOLATION NOTICE: This piece was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/09/17/richard-b-barton-sells-250-shares-of-banner-corporation-banr-stock.html.

A number of analysts have issued reports on the company. Stephens assumed coverage on Banner Corporation in a research note on Wednesday. They issued an “equal weight” rating and a $60.00 target price for the company. BidaskClub raised Banner Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research raised Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, July 3rd. Finally, ValuEngine raised Banner Corporation from a “hold” rating to a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANR. BlackRock Inc. raised its holdings in shares of Banner Corporation by 15,613.6% in the first quarter. BlackRock Inc. now owns 3,704,010 shares of the financial services provider’s stock worth $206,091,000 after acquiring an additional 3,680,438 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Banner Corporation in the second quarter worth $77,217,000. FMR LLC raised its holdings in shares of Banner Corporation by 35.2% in the first quarter. FMR LLC now owns 2,178,833 shares of the financial services provider’s stock worth $121,230,000 after acquiring an additional 566,872 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Banner Corporation by 8.0% in the first quarter. Vanguard Group Inc. now owns 2,733,227 shares of the financial services provider’s stock worth $152,077,000 after acquiring an additional 201,612 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Banner Corporation by 42.7% in the first quarter. Nuveen Asset Management LLC now owns 555,726 shares of the financial services provider’s stock worth $30,921,000 after acquiring an additional 166,373 shares during the last quarter. 89.14% of the stock is owned by institutional investors.

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)

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.