Stephens & Co. Maintains Overweight Rating for Banner: Here's What You Need To Know

Stephens & Co. has decided to maintain its Overweight rating of Banner BANR and lower its price target from $54.00 to $51.00.

Shares of Banner are trading up 0.0% over the last 24 hours, at $43.27 per share.

A move to $51.00 would account for a 17.86% increase from the current share price.

About Banner

Banner Corp is a bank holding company. It wholly owns one subsidiary bank, Banner Bank. The Bank's primary business is that of traditional banking institutions, accepting deposits and originating loans in locations surrounding its offices in Washington, Oregon, California and Idaho. Banner Bank also actively participates in the secondary mortgage market. A significant portion of the banks' portfolio is in residential construction and land loans to professional home builders and developers. Most of its revenue is net interest income.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.