Banner Corp (NASDAQ: BANR) is 26.16% higher on its value in year-to-date trading and has touched a low of $42.00 and a high of $78.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BANR stock was last observed hovering at around $66.41 in the last trading session, with the day’s gains setting it 1.16%.
Currently trading at $67.57, the stock is -5.65% and -3.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.75% at the moment leaves the stock 20.46% off its SMA200. BANR registered 24.58% gain for a year compared to 6-month gain of 42.40%. The firm has a 50-day simple moving average (SMA 50) of $70.0672 and a 200-day simple moving average (SMA200) of $55.98795.
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The stock witnessed a -10.47% loss in the last 1 month and extending the period to 3 months gives it a 15.11%, and is -3.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.09% over the week and 3.44% over the month.
Banner Corp (BANR) has around 1966 employees, a market worth around $2.33B and $815.71M in sales. Current P/E ratio is 14.14 and Fwd P/E is 13.72. Profit margin for the company is 20.24%. Distance from 52-week low is 60.88% and -13.43% from its 52-week high. The company has generated returns on investments over the last 12 months (8.33%).
with sales reaching $156.09M over the same period.The EPS is expected to shrink by -10.82% this year, but quarterly earnings will post -1.06% year-over-year. Quarterly sales are estimated to grow 2.38% in year-over-year returns.
Banner Corp (BANR) Top Institutional Holders
301.0 institutions hold shares in Banner Corp (BANR), with institutional investors hold 94.76% of the company’s shares. The shares outstanding are 34.46M, and float is at 33.62M with Short Float at 2.18%. Institutions hold 93.20% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.98 million shares valued at $247.18 million. The investor’s holdings represent 14.4788% of the BANR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.11 million shares valued at $204.22 million to account for 11.9625 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.36 million shares representing 6.8673% and valued at over $117.24 million, while STATE STREET CORP holds 5.233 of the shares totaling 1.8 million with a market value of $89.34 million.
Banner Corp (BANR) Insider Activity
The most recent transaction is an insider sale by McLean James P.G., the company’s Executive VP, Banner Bank. SEC filings show that McLean James P.G. sold 1,500 shares of the company’s common stock on Nov 06 ’24 at a price of $75.63 per share for a total of $0.11 million. Following the sale, the insider now owns 21868.0 shares.
