Recent extremely meaningful positive changes in investment behavior have benefitted Banner Corp (NASDAQ: BANR): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Banner Corp (NASDAQ: BANR) has recently enjoyed minimal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
BANR is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Banner has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Banner has a good Appreciation Score of 80 but a neutral Power Rating of 48, triggering the Positive Value Trend Rating.
Recent Price Action
Banner Corp (NASDAQ: BANR) stock closed at $46.67 on 5/8/24 after a modest gain of 1.0%. However, exceptionally low trading volume at 44% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 7.0% during the last week.
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