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).

Currently, Banner Corp is not a strong buy. The stock is priced at $70.50, with a forward P/E ratio of 12.39, indicating reasonable valuation. However, the RSI is at 37.86, suggesting it is nearing oversold territory, which could indicate a potential rebound. The recent earnings report showed a slight miss with EPS of $1.44 compared to the estimate of $1.47, which may dampen investor sentiment. The main risk is the recent decline in stock price, down 0.90% over the last five days, and the uncertainty surrounding loan growth expectations.

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