Banner Corp

BANR’s break below multi-touch support in late August signals medium-term bearish pressure, but price now trades at the confluence of its 9/20-day EMAs and prior support-turned-resistance with neutral momentum. With no clear short-term rejection and the long-term uptrend intact, we will trim into rallies into the EMA/resistance zone rather than execute immediately.

• ↑Q2 net profit $48.9M (EPS $1.43), up from $1.31 YoY.
• ↑Acquisition of Pacific Financial boosts assets to ~$18B, expanding scale.
• ↓Profit margin compression undermines operational efficiency and returns.