Banner (BANR) Getting Somewhat Favorable Media Coverage, Analysis Finds

Media stories about Banner (NASDAQ:BANR) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Banner earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.4751276734907 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Banner (BANR) opened at $57.23 on Wednesday. The firm has a market cap of $1,950.00, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.05 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 12 month low of $51.61 and a 12 month 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 analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $120.55 million for the quarter, compared to analysts’ expectations of $123.58 million. Banner had a net margin of 19.70% and a return on equity of 7.52%. equities research analysts predict that Banner will post 3.11 earnings per share for the current year.

Several research firms recently issued reports on BANR. Stephens began coverage on Banner in a research report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Piper Jaffray Companies cut Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research report on Thursday, October 26th. ValuEngine cut Banner from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. DA Davidson cut Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research cut Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $60.67.

In other Banner news, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $57.49, for a total transaction of $191,729.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, 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 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.

Insider Buying and Selling by Quarter for Banner (NASDAQ:BANR)

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