Banner (NASDAQ: BANR) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday.
Separately, analysts at DA Davidson raised their price target on shares of Banner to $25.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its wholly owned subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank that conducts business from its main office in Walla Walla, Washington and, as of December 31, 2009, its 86 branch offices and seven loan production offices located in Washington, Oregon and Idaho. Islanders Bank is also a Washington-chartered commercial bank that conducts business from three locations in San Juan County, Washington.
Shares of Banner opened at 19.82 on Friday. Banner has a 52 week low of $11.67 and a 52 week high of $20.23. The stock’s 50-day moving average is $17.5 and its 200-day moving average is $16.07. The company’s market cap is $340.5 million.