Media coverage about Banner (NASDAQ:BANR) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Banner earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.5121251385144 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
BANR has been the topic of several research reports. Stephens initiated coverage on Banner in a report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price objective on the stock. ValuEngine raised Banner from a “hold” rating to a “buy” rating in a report on Friday, September 15th. DA Davidson cut shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Piper Jaffray Companies cut shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 target price for the company. in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. Banner presently has a consensus rating of “Hold” and a consensus target price of $60.67.
Banner (BANR) traded up $0.07 on Thursday, hitting $56.86. 96,106 shares of the company were exchanged, compared to its average volume of 153,729. The company has a market cap of $1,877.51, a PE ratio of 19.20, a P/E/G ratio of 2.04 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 0.94. Banner has a 1-year low of $51.61 and a 1-year high of $62.75.
Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). Banner had a return on equity of 7.52% and a net margin of 19.70%. The company had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. research analysts predict that Banner will post 3.11 earnings per share for the current year.
In other news, Director Gary Sirmon sold 3,335 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $57.49, for a total transaction of $191,729.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 3,936 shares of company stock valued at $226,039. Company insiders own 1.71% of the company’s stock.
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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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