Shares of Banner Have Risen Above Previous 52-Week High

Published on Wed, 02/01/2012 - 14:39
By Robert Cotter in 52 Week high-lows, BANR, 52 week high/lows, banner, nasdaq:banr

Banner (NASDAQ:BANR) traded today at a new 52-week high of $20.11. So far today approximately 56,000 shares have been exchanged, as compared to an average 30-day volume of 84,000 shares.

Banner Corporation is the parent company of Banner Bank, a commercial bank. The Bank operates branch offices and loan offices in Washington, Oregon and Idaho. Banner Bank serves the Pacific Northwest region with a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans.

Over the past year, Banner has traded in a range of $2.21 to $20.11 and is now at $19.96, 803% above that low. The 200-day and 50-day moving averages have moved 2.09% higher and 1.01% higher over the past week, respectively.

Banner has overhead space with shares priced $19.96, or 4.0% below the average consensus analyst price target of $20.80. Banner shares have support at the 50-day moving average (MA) of $17.25 and additional support at the 200-day MA of $12.75.

By Robert Cotter
rcotter@fnno.com
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