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Shares of Banner Receive a Boost, Up 1.4%

Published on Thu, 02/14/2013 - 13:23
By Mallory Stone

Banner (NASDAQ:BANR) is a company whose shares are active, trading 1.4% higher to $30.82. The Dow Jones Industrial Average is now trading fractionally lower to 13,967 and the S&P is trading fractionally higher to 1,520.

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.

Banner has overhead space with shares priced $30.82, or 10.0% below the average consensus analyst price target of $34.25. The stock should discover initial support at its 50-day moving average (MA) of $30.64 and subsequent support at its 200-day MA of $25.52.

In the past 52 weeks, shares of Banner have traded between a low of $18.05 and a high of $32.03 and are now at $30.82, which is 71% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.

By Mallory Stone