BANR vs CCB: Correlation
Banner Corporation (BANR) and Coastal Financial Corporation (CCB) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANR and CCB?
On 3 years of weekly data the BANR/CCB correlation comes out at 0.53, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.53). The 5-year figure is 0.54, and annualized covariance runs at 691.8 %².
Among the 18 assets we track against BANR, CCB ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BANR ahead by 66.1 points (+7.1% versus -59.0%). Risk is not evenly split, since CCB carries 1.6 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BANR vs CCB: side by side
| BANR (Banner Corporation) | CCB (Coastal Financial Corporation) | |
|---|---|---|
| 1-year return | +7.1% | -59.0% |
| 5-year return | +46.1% | +59.4% |
| Volatility (ann.) | 28.8% | 45.4% |
| Beta vs S&P 500 | 0.80 | 0.96 |
| Max drawdown (3Y) | -25.4% | -66.5% |
| Market cap | $2.4B | $0.7B |
| P/E (trailing) | 11.6 | – |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | CCB |
|---|---|---|
| 2022 | +7.2% | -6.1% |
| 2023 | -11.9% | -6.5% |
| 2024 | +29.5% | +91.2% |
| 2025 | -3.2% | +35.0% |
| 2026 | +14.6% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and CCB good diversifiers for each other?
Only partially. A correlation of 0.53 means BANR and CCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BANR and CCB?
The BANR/CCB correlation stands at 0.53 on a 3-year window (1 year: 0.35, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is CCB a good diversifier for BANR?
Only partially. A correlation of 0.53 means BANR and CCB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banr-vs-ccb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banr-vs-ccb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANR correlations · CCB correlations
