Banner Corporation (BANR) to Distribute Quarterly Dividend of $0.52 on November 13th

Banner Corporation (NASDAQ:BANR) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Thursday, November 5th will be paid a dividend of $0.52 per share by the financial services provider on Friday, November 13th. This represents a $2.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, November 5th.

Banner has decreased its dividend payment by an average of 0.1% per year over the last three years. Banner has a payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Banner to earn $6.79 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 30.6%.

Banner Price Performance

NASDAQ BANR opened at $70.10 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $2.38 billion, a PE ratio of 11.57 and a beta of 0.83. The company has a 50 day moving average price of $69.44 and a two-hundred day moving average price of $67.69. Banner has a 12-month low of $57.05 and a 12-month high of $74.84.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.41 by $0.10. Banner had a net margin of 22.81% and a return on equity of 10.65%. The company had revenue of $179.07 million for the quarter, compared to analyst estimates of $184.24 million. As a group, equities analysts predict that Banner will post 6.15 earnings per share for the current fiscal year.

About Banner

Banner Corporation (NASDAQ: BANR) is a bank holding company headquartered in Walla Walla, Washington. Through its principal subsidiary, Banner Bank, the company provides banking and financial services to individuals, families, businesses and communities in the Pacific Northwest.

Banner Bank offers deposit products, residential and commercial real estate lending, construction and land development loans, commercial and industrial financing, agricultural loans, consumer loans and home equity products.