Short Interest Filing: Banner Corporation (NASDAQ:BANR)’s Trend Unknown, Especially After Increased Shorts

November 25, 2016 - By Nellie Frank   ·   0 Comments

Short Interest Filing: Banner Corporation (NASDAQ:BANR)’s Trend Unknown, Especially After Increased Shorts

The stock of Banner Corporation (NASDAQ:BANR) registered an increase of 10.67% in short interest. BANR’s total short interest was 802,500 shares in November as published by FINRA. Its up 10.67% from 725,100 shares, reported previously. With 224,100 shares average volume, it will take short sellers 4 days to cover their BANR’s short positions. The short interest to Banner Corporation’s float is 2.72%. About 3,902 shares traded hands. Banner Corporation (NASDAQ:BANR) has risen 20.10% since April 22, 2016 and is uptrending. It has outperformed by 14.69% the S&P500.

Banner Corporation is a bank holding company. The company has a market cap of $1.78 billion. The Firm is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. It has a 25.56 P/E ratio. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.

Insitutional Activity: The institutional sentiment decreased to 1.48 in 2016 Q2. Its down 0.27, from 1.75 in 2016Q1. The ratio worsened, as 5 funds sold all Banner Corporation shares owned while 39 reduced positions. 18 funds bought stakes while 59 increased positions. They now own 25.63 million shares or 11.67% more from 22.96 million shares in 2016Q1.
Wells Fargo Mn accumulated 60,510 shares or 0% of the stock. Victory Cap Management owns 813,041 shares or 0.14% of their US portfolio. Invesco, a Georgia-based fund reported 132,716 shares. The Minnesota-based Us Commercial Bank De has invested 0% in Banner Corporation (NASDAQ:BANR). Westwood has 0.01% invested in the company for 22,556 shares. Paradigm Mngmt Ny holds 0.17% of its portfolio in Banner Corporation (NASDAQ:BANR) for 32,000 shares. Mesirow Fincl Invest Management has 0.02% invested in the company for 6,150 shares. Monarch Prtnrs Asset Management Ltd Limited Liability Company accumulated 1.53% or 359,050 shares. Aperio Group Ltd Com accumulated 4,899 shares or 0% of the stock. Comerica Retail Bank last reported 20,927 shares in the company. Shinko Asset Management last reported 60,875 shares in the company. Wesbanco Bancorp Incorporated holds 0.05% or 19,000 shares in its portfolio. General Mtrs Investment Mgmt accumulated 84.15% or 642,890 shares. Metropolitan Life Ins Company reported 21,896 shares or 0.01% of all its holdings. Fund Mgmt Sa accumulated 0.01% or 12,800 shares.

Insider Transactions: Since September 1, 2016, the stock had 0 insider buys, and 6 selling transactions for $74.01 million net activity. Fleischer Spencer C had sold 905,000 shares worth $39.13 million on Friday, November 4. 848 Banner Corporation (NASDAQ:BANR) shares with value of $39,915 were sold by Larsen Kenneth A. 303 Banner Corporation (NASDAQ:BANR) shares with value of $13,238 were sold by BENNETT DOUGLAS M. Another trade for 401 shares valued at $17,484 was made by Rust Steven W on Thursday, September 1. 400 shares were sold by PURCELL CYNTHIA D, worth $17,300.

Banner Corporation (NASDAQ:BANR) Ratings Coverage

Out of 7 analysts covering Banner Corporation (NASDAQ:BANR), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Banner Corporation has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. FBR Capital reinitiated Banner Corporation (NASDAQ:BANR) on Tuesday, October 11 with “Mkt Perform” rating. The stock of Banner Corporation (NASDAQ:BANR) has “Overweight” rating given on Monday, September 28 by Piper Jaffray. The firm has “Market Perform” rating by FIG Partners given on Friday, November 4. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, July 29 report. Keefe Bruyette & Woods downgraded it to “Market Perform” rating and $51 target price in Friday, October 23 report.

BANR Company Profile

Banner Corporation, incorporated on May 14, 1998, is a bank holding company. The Firm is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. The Company’s electronic banking activities include debit card and automated teller machine (ATM) programs, online Internet banking services, and customer remote deposit and mobile banking capabilities. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas. Islanders Bank is a community bank that offers banking services to individuals, businesses and public entities located primarily in the San Juan Islands.

Another recent and important Banner Corporation (NASDAQ:BANR) news was published by Globenewswire.com which published an article titled: “Banner Corporation Announces Election of Directors” on March 03, 2016.

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By Nellie Frank


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