Stepping in and adding shares to Banner Bank (BANR) on this .74% pullback at 22.00. It delivered a strong quarter in July citing strong revenue generation and improved credit quality. If you are from the southwest, you have probably never heard of Banner. But to residents in the northeastern corner of the U.S., this bank is well-known and trusted since 1890. There is a track record for you. We like regional banks here at wallstreetstocksolutions.com because of their stability and strong, conservative customer base. Also, for being such a high beta name, it along with other quality regionals held up nicely through this summer’s downturn. I could go into more details on their fundamentals, but then again, just look at the chart.
Above all moving averages. Strong volume on the breakout to 24. Support at 22 where we will do our next round of buying. High beta and on a 3 year chart- you can see the moves it is capable of.
