FBR Capital Starts Banner Corporation (BANR) at Market Perform
Get Alerts BANR Hot Sheet
Rating Summary:
5 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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FBR Capital initiates coverage on Banner Corporation (NASDAQ: BANR) with a Market Perform rating and a price target of $50.00.
Analyst Paul Miller commented, "We believe BANR shares are fairly valued, because we see a limited number of near-term catalysts following the company’s purchase of AmericanWest Bank, which should effectively double the asset base of the company. Although this merger promises to be transformative and should provide longer-term shareholder benefits, we believe that investors understand the current positive catalysts and that regulatory overhangs related to the merger approval and the likely intermediate-term cross into the $10 billion asset class could keep the shares range-bound during the next year. Accordingly, we are establishing 2015 and 2016 operating EPS estimates of $2.65 and $3.20 and GAAP EPS estimates of $2.12 and $3.10, respectively."
For an analyst ratings summary and ratings history on Banner Corporation click here. For more ratings news on Banner Corporation click here.
Shares of Banner Corporation closed at $46.94 yesterday.
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