Look Past The Setbacks And Give Banner Corp (NASDAQ: BANR) Another Chance

Banner Corp (NASDAQ:BANR) currently has a daily average trading volume of 229.95K but it saw 183798 shares traded in last market. With a market cap of 2.30B USD, the company’s current market price of $66.83 came rising about 0.21 while comparing to the previous closing price of $66.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $78.05 and as low as $42.00. In the recent trading on the day, stock has struck highest price mark of $65.73 while lowest mark touched by it was $67.12.

Taking a look at 20-day trading activity of Banner Corp (BANR) gives us an average price of $68.19, while its current price level is -14.38% below from 52-week high level whereas it is 59.12% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $70.39 while that of 200 days or SMA-200 reads an average of $57.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.48% during that period while stretching the period over a month that increases to 3.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.54 which implies that the stock is in neutral territory.

Raymond James downgraded its recommendation for the stock as a “Outperform” from “Strong Buy” on October 21, 2022 while assigning a price target range of $68-$72. Janney issued its recommendations for the stock as it upgraded the price target for the stock is $68.

Over the week, BANR’s stock price is moving 0.09% up while it is -11.20% when we observe its performance for the past one month. Year-to-date it is 0.09% up and over the past year, the stock is showing an upside performance of 29.39%.

Currently, Banner Corp’s total number of outstanding shares is 34.46M. Company’s return on investment (ROI) stands at 8.33% and return on equity (ROE) at 9.96%. It has a price to earnings ratio (P/E ratio) of 13.98 while having a 13.56 of forward P/E ratio. Stock’s beta reads 1.06. Stock has a price to book (P/B) ratio of 1.28 while price to sale or P/S ratio amounts to 2.82. Its return on asset (ROA) is 1.04% on average.