25th
June 11:24pm
Future prospects for Banner Corporation (NASDAQ:BANR)
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Future prospects for Banner Corporation (NASDAQ:BANR)
Share price last closed on $2.05 as on June 24th, 2010 with total traded volume of 1.35 million shares for the day. Average volume for BANR stands at 367,000 shares per day. If we look at last two trading sessions the share price has seen considerable trading activity if volumes are compared. The share price closed on $2.26 after dropping by 6.2 percent as on June 23rd, 2010 with traded volume of 1.10 million shares.
Total outstanding shares accumulate up to 23.30 million out of which 20.0 million shares are floated in the stock market. Insiders hold almost 14.45 percent of total outstanding common stock whereas 35.30 percent of shares outstanding are held by different institutions.
The share price maintains the beta value of 1.78 times depicting that BANR is likely to move by 1.78 times against 1 point change in market index.
Book value per share of $12.64 shows more promising picture as current market price turns out to be highly undervalued if compared with current market price. Further the share price has been traded between the prices ranges of $2.05 to $8.15 in last 52 weeks with shows that BANR is on its low for the last one year and has considerable margin for capital gain.
As per its latest financial statements ending March 31st, 2010 the company’s total assets accumulated up to $4.58 billion where as total liabilities stand at $4.17 billion for the company.
BANR maintains a strong capital structure with long term debt of $48.15 million whereas its total equity base amounts to $406.72 million.
Happy trading,
PSL staff, www.PennyStockLive.com
