Analysts review Banner Corporation’s rating


In a filing, Banner Corporation revealed its Director HERENCIA ROBERTO R acquired Company’s shares for reported $14473.0 on Jun 15. In the deal valued at $46.24 per share,313 shares were bought. As a result of this transaction, HERENCIA ROBERTO R now holds 13,152 shares worth roughly $ 0.59 million.

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Then, HERENCIA ROBERTO R bought 667 shares, generating $30,529 in total proceeds. Upon buying the shares at $45.77, the Director now owns 12,839 shares.

Before that, Pedersen John Clarence bought 1,000 shares. Banner Corporation shares valued at $44,788 were divested by the Director at a price of $44.79 per share. As a result of the transaction, Pedersen John Clarence now holds 3,225 shares, worth roughly $0.14 million.

Raymond James downgraded its Banner Corporation [BANR] rating to an Outperform from a a Strong buy in a research note published on Friday, October 21, 2022; the price target was increased to $72 from $68. PT values the company’s stock at a premium of 37.97 to its Friday closing price.

Price Performance Review of BANR

On Friday, Banner Corporation [NASDAQ:BANR] saw its stock jump 2.55% to $44.66. On the same session, the stock had its day’s lowest price of $43.555, but rose to a high of $45.03. Over the last five days, the stock has gained 3.48%. Banner Corporation shares have fallen nearly -29.34% since the year began. Nevertheless, the stocks have fallen -26.50% over the past one year. While a 52-week high of $75.72 was reached on 02/03/23, a 52-week low of $41.57 was recorded on 05/12/23. SMA at 50 days reached $45.49, while 200 days put it at $54.25. A total of 0.25 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For BANR Stock

The 24-hour chart illustrates a support level at 43.80, which if violated will result in even more drops to 42.94. On the upside, there is a resistance level at 45.27. A further resistance level may holdings at 45.89. The Relative Strength Index (RSI) on the 14-day chart is 48.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.89%. Stochastics %K at 35.89% indicates the stock is a holding.

How much short interest is there in Banner Corporation?

A steep rise in short interest was recorded in Banner Corporation stocks on Aug 14, 2023, dropping by 79690.0 shares to a total of 0.71 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.79 million shares. There was a decline of -11.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.2.

Banner Corporation [BANR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,700,448 shares, or roughly 13.69% of the outstanding BANR shares. In other words, the investor’s shares have fallen by -5,566 from its previous 13-F filing of 4706014.0. Additionally, The Vanguard Group, Inc. increased 0.60% of its stake after which the total value it holdings stand at $192,712,997, while Dimensional Fund Advisors LP reduced -1.57% of its stake to hold $105.59 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 111,261 shares of Banner Corporation, while Charles Schwab Investment Managem bought 42,269 shares. At present, Millennium Management LLC is holding 781,639 shares valued at $37.21 million. Manulife Investment Management owned 752,416 shares of the company at the time of its most recent 13F filing, worth $35.82 million.

According to FactSet, Banner Corporation’s share price will average $53.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.0 percent from its previous closing price of $43.55. Analysts expect Banner Corporation stock to reach the higher price of $58.00, while the lowest price estimate is $48.00. However, 6 analysts have rated BANR stock as an Overweight in their predictions for 2023.


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