Keefe Bruyette raised the firm’s price target on Banner Corp. (BANR) to $75 from $73 and keeps a Market Perform rating on the shares. The proposed acquisition of Pacific Financial Corp is wholly consistent with Banner’s stated M&A strategy, the analyst tells investors in a research note.
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Read More on BANR:
- Banner Announces All-Stock Merger With Pacific Financial
- Banner and Pacific Financial enter into definitive merger agreement
- Banner Corp. price target raised to $67 from $63 at Piper Sandler
- Banner Corp. price target raised to $73 from $70 at Keefe Bruyette
- Banner Corp. Earnings Call Signals Profitable Stability