Is Banner Corp. overvalued or undervalued?

As of 16 July 2025, the valuation grade for Banner Corp. has moved from fair to attractive, indicating a positive shift in its investment appeal. The company appears to be undervalued, supported by a P/E ratio of 12, which is significantly lower than the peer average of 12.84 for similar institutions. Additionally, Banner Corp. has a Price to Book Value of 1.18 and an EV to EBITDA ratio of 9.64, both of which suggest that the stock is trading at a reasonable valuation compared to its peers.
In comparison to its industry, Renasant Corp. shows a higher P/E of 21.73, while BankUnited, Inc. has a more attractive P/E of 11.46, further reinforcing Banner Corp.'s competitive positioning. Over the past year, Banner Corp. has returned 13.82%, which lags behind the S&P 500's 17.14%, but it has outperformed the index over the last five years with a return of 100.65% compared to the S&P's 96.61%. This mixed performance highlights the potential for growth in Banner Corp. as it continues to enhance its valuation metrics.