BANNER CORP (BANR) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of BANNER CORP (BANR) from OUTPERFORM to NEUTRAL on July 05, 2012, with a target price of $24.00.

Banner Corporation is the parent of Banner Bank, a Washington state chartered commercial bank, which operates a total of 39 branch offices and six loan offices in 18 counties in Washington, Oregon and Idaho. Banner serves the Pacific Northwest region with a full range of deposit services and business, commercial real estate, construction, residential, agricultural and consumer loans.

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