Banner (NASDAQ:BANR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Banner Corporation is a bank holding company operating two commercial banks in five Western states through a network of branches offering a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans. “

Several other equities analysts also recently issued reports on the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $60.00 price objective on shares of Banner in a report on Friday. BidaskClub lowered Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine lowered Banner from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Banner in a research report on Friday, October 27th. Finally, DA Davidson lowered Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Seven equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $60.50.

Banner (BANR) traded down $0.41 on Tuesday, hitting $56.05. 60,891 shares of the stock traded hands, compared to its average volume of 154,017. Banner has a 12-month low of $51.61 and a 12-month high of $62.75. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1,852.25, a P/E ratio of 19.06, a P/E/G ratio of 2.02 and a beta of 1.06.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). Banner had a net margin of 19.70% and a return on equity of 7.52%. The company had revenue of $120.55 million for the quarter, compared to analyst estimates of $123.58 million. research analysts expect that Banner will post 3.11 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL lifted its position in shares of Banner by 1.8% during the 2nd quarter. Tudor Investment Corp ET AL now owns 7,556 shares of the financial services provider’s stock valued at $427,000 after buying an additional 134 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Banner by 1.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 17,384 shares of the financial services provider’s stock valued at $982,000 after buying an additional 237 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Banner by 11.6% during 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. Symphony Asset Management LLC lifted its position in shares of Banner by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 10,551 shares of the financial services provider’s stock valued at $596,000 after buying an additional 406 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Banner by 10.2% during the 2nd quarter. Amalgamated Bank now owns 4,441 shares of the financial services provider’s stock valued at $251,000 after buying an additional 412 shares in the last quarter. Institutional investors and hedge funds own 91.58% of the company’s stock.

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About Banner

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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