Raymond James analyst David Feaster lowered the firm’s price target on Banner Corp. to $68 from $72 and keeps an Outperform rating on the shares. Banner’s Q4 results exceeded forecasts, with stronger than expected NIM expansion given its strong low-cost core deposit franchise and solid loan growth at much improved yields, Feaster tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BANR:
- Banner Corporation Reports Net Income of $54.4 Million, or $1.58 Per Diluted Share, for Fourth Quarter 2022; Earns $195.4 Million in Net Income, or $5.67 Per Diluted Share, for 2022; Declares Increased Quarterly Cash Dividend of $0.48 Per Share
- Banner Corp. reports Q4 EPS $1.68, consensus $1.59
- Banner Corporation Announces Fourth Quarter 2022 Conference Call and Webcast
- Stephens carries over seven stocks to ‘Best Ideas’ list for 2023
- Banner Bank Releases Inaugural Environmental, Social and Governance Highlights Report