Banner Co. (NASDAQ:BANR) to Post Q2 2024 Earnings of $1.13 Per Share, DA Davidson Forecasts

Banner Co. (NASDAQ:BANR) – Equities research analysts at DA Davidson issued their Q2 2024 earnings per share estimates for Banner in a report released on Monday, April 22nd. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $1.13 per share for the quarter. DA Davidson has a “Neutral” rating and a $47.00 price objective on the stock. The consensus estimate for Banner’s current full-year earnings is $4.57 per share. DA Davidson also issued estimates for Banner’s FY2024 earnings at $4.40 EPS and FY2025 earnings at $4.55 EPS.

Several other brokerages also recently commented on BANR. Raymond James boosted their target price on shares of Banner from $47.00 to $51.00 and gave the company an “outperform” rating in a research note on Monday, January 22nd. Keefe, Bruyette & Woods decreased their price objective on shares of Banner from $58.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, January 22nd. Stephens dropped their price objective on shares of Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Friday. Finally, Piper Sandler reduced their target price on Banner from $54.00 to $51.00 and set an “overweight” rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Banner currently has a consensus rating of “Moderate Buy” and an average price target of $51.20.

Banner Price Performance

Shares of BANR stock opened at $45.22 on Tuesday. The stock’s fifty day simple moving average is $45.36 and its 200 day simple moving average is $46.54. Banner has a one year low of $39.31 and a one year high of $55.66. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 9.40 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.82 and a quick ratio of 0.82.

Institutional Trading of Banner

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in Banner by 19.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,535 shares of the financial services provider’s stock valued at $82,000 after buying an additional 245 shares during the last quarter. Diversified Trust Co raised its holdings in Banner by 4.2% during the 3rd quarter. Diversified Trust Co now owns 8,649 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 352 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Banner by 4.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 8,322 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 373 shares during the period. CWM LLC lifted its position in Banner by 49.9% during the 4th quarter. CWM LLC now owns 1,135 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 378 shares during the period. Finally, Comerica Bank grew its position in shares of Banner by 2.2% during the 4th quarter. Comerica Bank now owns 18,004 shares of the financial services provider’s stock worth $964,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 4.25%. Banner’s dividend payout ratio (DPR) is currently 39.92%.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.