How Will Banner Corporation (NDAQ:BANR) Stock React To Stephens New Ratings Coverage and $60.00 Price Objective?

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NewYork Banner Corporation NDAQ:BANR

Banner Corporation (NDAQ:BANR) Price Target & New Coverage by Stephens

EU: Banner Corporation (NDAQ:BANR) coverage was was started with a “Equal-Weight” rating and $60.00 price target at Stephens. Stephens’s price target would suggest upside of 5.65 % from the company’s last stock close.

The initiation is welcomed by equity trades, as NDAQ:BANR is at the moment trading 0.84% higher at $56.74 as of 8:01 AM New York time. Banner Corporation’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has risen 6.00% in the same time.

BANR Stock Chart

Institutional Ownership

General Motors Investment Management Corp had the biggest stake with ownership of 376,199 shares as of q2 2015 for 81.22% of the portfolio. Fsi Group Llc is another quite bullish investment professional who is having 256,427 shares of Banner Corporation or 6.2% of their portfolio. In addition, Consector Capital Lp have 3.81% of their portfolio invested in the company for 40,000 shares. The Arkansas-based fund Forest Hill Capital Llc disclosed it had bought so far a stake worth about 3.78% of the investment professional’s stock portfolio in Banner Corporation. The Massachusetts-based fund Monarch Partners Asset Management Llc is also positive about the stock, possessing 175,790 shares or 1.48% of their portfolio.

Banner Corporation (NDAQ:BANR) 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 Corporation (NDAQ:BANR) traded up 0.84% on 13 September, hitting $56.74. A total of 246,190 shares of the company’s stock traded hands. This is up from average of 129,894 shares. Banner Corporation has a 52 week low of $42.66 and a 52 week high of $60.97. The company has a market cap of $1.89B and a P/E ratio of 19.72.

Get the latest Banner Corporation (NDAQ:BANR) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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