West coast banks have been on a run lately as investors become more convinced banks have turned the corner back toward loan growth. However, with over 5,000 banks in the United States, finding the right bank at the right time is a challenge for most investors.
So, I tasked my team at E.B. Capital Markets, LLC to find an under-followed small cap bank with big upside opportunity. One of the names that jumped out was Banner Corporation (BANR), a bank serving the North Western states of Washington, Oregon and Idaho. The company has been scoring stronger in our work lately, suggesting it's a good time to give the company a closer look.
Source: E.B. Capital Markets, LLC