US bank Banner climbs after unveiling buyback plan
BANR•Analyst view and year-to-date performance
The new buyback plan comes a little sooner than expected, given the Bank of the Pacific deal is pending, Piper Sandler said.
BANR•BANR•BANR•The new buyback plan comes a little sooner than expected, given the Bank of the Pacific deal is pending, Piper Sandler said.
As of last close, BANR shares were up 12% year to date.
U.S. regional lender Banner Corp's BANR.O shares rose 3% to $72.2 after the company late on Monday unveiled a stock repurchase program of up to 1.7 million shares, roughly 5% of its issued and outstanding common stock.
Shares may be bought back by BANR in open market purchases.
