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BANR · NASDAQ

$68.17+$1.17 (+1.75%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $67.00

BANR analyst rating

HoldConsensus of 4 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold4
Underperform0
Sell0

12-month price target · 8 analysts

Average $77.69 (+14.0% upside)

Low: $71.71
Now: $68.17
High: $85.05

Upgrades and downgrades

The latest rating actions, newest first

BANR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 1, 2026	Maintains	Neutral	$74.00 → $71.00	68%
Keefe, Bruyette & Woods	Jul 27, 2026	Maintains	Market Perform	$75.00 → $78.00	63%
DA Davidson	Jul 27, 2026	Maintains	Neutral	$72.00 → $76.00	86%
Benchmark	Jul 9, 2026	Initiates	Hold	—	70%
Keefe, Bruyette & Woods	May 18, 2026	Maintains	Market Perform	$73.00 → $75.00	63%
DA Davidson	May 4, 2026	Maintains	Neutral	$72.00	86%
Keefe, Bruyette & Woods	Apr 27, 2026	Maintains	Market Perform	$70.00 → $73.00	63%
Piper Sandler	Apr 27, 2026	Maintains	Neutral	$63.00 → $67.00	68%
Piper Sandler	Apr 2, 2026	Maintains	Neutral	$67.00 → $63.00	68%
Piper Sandler	Jan 28, 2026	Maintains	Neutral	$70.00 → $67.00	68%

The case for and against

Updated Oct 17, 2026

Bull case

Banner is supported by a durable low-cost deposit franchise, with $23.8 billion of deposits, 33% in noninterest DDA, and a 1.35% cost of deposits in 1Q26 that underpins funding advantage and margin resilience. Its outlook is further strengthened by disciplined growth and an earnings-accretive, easily digestible Pacific Financial acquisition that adds $1.3 billion of assets, $762 million of loans, and 18 locations while supporting about 3.2% EPS accretion. Strong credit quality, with NPAs at just 0.44% of loans and OREO, plus robust capital ratios of 10.0% TCE and 13.0% CET1, gives it flexibility for loan growth, buybacks, and franchise-building M&A.

Bear case

Banner is exposed to a sluggish growth profile because outsized payoffs could offset its strong pipelines and construction backlog, making loan expansion the key driver of estimate risk. Its earnings outlook is also vulnerable to a shortfall in net interest margin and net interest income, while a downturn in its Pacific Northwest and broader operating markets could further pressure demand and credit conditions. Although conservative underwriting should help keep problem loans low, the stock’s 7% year-to-date gain still lags peers at 10% and the KRE at 12%, underscoring weaker relative momentum and sector-risk sensitivity.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.