Banner Corp (BANR) Stock AnalysisBANRBanner Corp

Banner Corporation is a bank holding company for Banner Bank (the Bank). The Bank is a chartered commercial bank in the State of Washington. The Bank is a regional bank that offers a variety of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas. Its primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California, Idaho, Utah and Nevada. It is also a participant in the secondary loan markets, engaging in mortgage banking operations, through the origination and sale of one- to-four-family and multifamily residential loans. Its lending activities include commercial business and commercial real estate loans, agricultural business loans, construction and land development loans, one- to-four-family and multifamily residential loans, United States small business administration (SBA) loans and others. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

Banner Corp is a good buy right now, as it is currently priced at $67.57, which is below several analyst price targets, including $76 and $78. The company has a strong forward P/E ratio of 12.39, suggesting it is undervalued compared to its earnings potential. Additionally, the recent share buyback program of $1.7 million reflects management's confidence in the stock's value. However, a notable risk is the recent earnings miss, where the Q2 EPS was reported at $1.44, falling short of the estimate by $0.03.

7 analysts cover BANR: 2 rate it Buy, 5 Hold and 0 Sell. The average price target is 71.00.