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UPDATE: DA Davidson Downgrades Banner Corporation to Neutral on Valuation

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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
Oct 2015Keefe Bruyette & WoodsDowngradesOutperformMarket Perform
Jul 2015Keefe Bruyette & WoodsMaintainsOutperform
Jul 2015FBR CapitalInitiates Coverage onMarket Perform

View More Analyst Ratings for BANR
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