KBW Keeps a Hold Rating on Banner Corp

By Austin Angelo

KBW analyst Frederick Cannon reiterated a Hold rating on Banner Corp (NASDAQ: BANR) yesterday and set a price target of $58. The company’s shares closed yesterday at $54.36.

According to TipRanks.com, Cannon is a 4-star analyst with an average return of 14.0% and a 64.7% success rate. Cannon covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp Inc, Pinnacle Financial Partners, and Pacific Mercantile Bancorp.

Banner Corp has an analyst consensus of Moderate Buy, with a price target consensus of $62.

The company has a one year high of $60.97 and a one year low of $38.77. Currently, Banner Corp has an average volume of 123.9K.

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Banner Corp. operates as a holding company for Banner Bank. It offers deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. It also provides commercial banking services and financial products to individuals, businesses and public sector entities. The company was founded in 1995 and is headquartered in Walla Walla, WA.