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.

• ↑Q1 net profit rose to $54.7M, EPS $1.60 versus $1.30 a year ago
• ↑Loan originations jumped 45% QoQ, driven by commercial lending demand
• ↓Profitability factors are negative and rising expenses may compress margins