Banner Corporation (NASDAQ:BANR) Receives $72.75 Consensus PT from Analysts

Banner Corporation (NASDAQ:BANR) has been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $72.75.

Several research firms recently weighed in on BANR. Weiss Ratings upgraded shares of Banner from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. DA Davidson lifted their target price on shares of Banner from $72.00 to $76.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Wall Street Zen cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Benchmark initiated coverage on Banner in a research note on Wednesday, July 8th. They issued a “hold” rating on the stock. Finally, Piper Sandler raised their price target on Banner from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th.

Institutional Trading of Banner

A number of large investors have recently bought and sold shares of BANR. UBS Group AG increased its holdings in Banner by 241.2% during the 4th quarter. UBS Group AG now owns 454,807 shares of the financial services provider’s stock worth $28,498,000 after purchasing an additional 321,522 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Banner by 100.2% during the first quarter. Hsbc Holdings PLC now owns 28,708 shares of the financial services provider’s stock worth $1,743,000 after buying an additional 14,367 shares during the period. Vanguard Group Inc. grew its holdings in shares of Banner by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 3,837,199 shares of the financial services provider’s stock worth $240,439,000 after buying an additional 44,249 shares in the last quarter. Entropy Technologies LP grew its holdings in shares of Banner by 400.6% during the first quarter. Entropy Technologies LP now owns 23,054 shares of the financial services provider’s stock worth $1,399,000 after buying an additional 18,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Banner by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,070 shares of the financial services provider’s stock valued at $132,104,000 after buying an additional 18,077 shares during the last quarter. 87.33% of the stock is owned by institutional investors.

Banner Price Performance

Shares of BANR stock opened at $71.14 on Monday. Banner has a 52 week low of $57.05 and a 52 week high of $74.84. The stock has a market capitalization of $2.42 billion, a PE ratio of 11.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s fifty day moving average is $69.30 and its 200-day moving average is $65.29.

Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Banner had a return on equity of 10.72% and a net margin of 23.55%.The company had revenue of $172.11 million for the quarter, compared to the consensus estimate of $174.54 million. Equities research analysts expect that Banner will post 6.2 EPS for the current fiscal year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, August 4th. Banner’s payout ratio is 34.32%.

Banner Company Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.