Market Overview

UPDATE: DA Davidson Downgrades Banner Corporation to Neutral on Valuation

Related BANR
Ex-Dividends For July 2, 2014
UPDATE: Banner Corp. to Purchase Idaho Banking Co. for $2.6M

DA Davidson downgraded Banner Corporation (NASDAQ: BANR) from Buy to Neutral and maintained a $35.00 price target.

DA Davidson noted, "Management delivered in 2012, with Q4 being the finishing touch. With success comes higher expectations and BANR's stock has reflected a significant improvement in fundamentals. Our $35 price target assumes shares get to 1.27x and 15.9x our 2013 TBV and EPS estimates, a blended valuation that seem fair given current and expected performance."

Banner Corporation closed at $31.53 on Wednesday.

Latest Ratings for BANR

DateFirmActionFromTo
Jun 2014MacquarieInitiates Coverage onNeutral
Aug 2013FIG PartnersDowngradesOutperformMarket Perform
Jul 2013DA DavidsonMaintainsNeutral

View More Analyst Ratings for BANR
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (BANR)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters