BANR has been the subject of a number of other research reports. Raymond James set a $60.00 price target on Banner and gave the company a buy rating in a research report on Friday, May 3rd. ValuEngine raised Banner from a sell rating to a hold rating in a research report on Friday, July 26th. Stephens reissued a hold rating on shares of Banner in a research report on Thursday, July 25th. DA Davidson raised Banner from a neutral rating to a buy rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research raised Banner from a hold rating to a buy rating and set a $61.00 price target for the company in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $59.75.
BANR stock opened at $54.67 on Friday. The firm’s 50-day moving average price is $55.02. Banner has a 12-month low of $48.50 and a 12-month high of $67.11. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 0.97. The stock has a market capitalization of $1.89 billion, a P/E ratio of 13.37, a PEG ratio of 1.85 and a beta of 0.79.
Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. Banner had a return on equity of 10.43% and a net margin of 25.14%. The firm had revenue of $137.37 million during the quarter, compared to the consensus estimate of $137.47 million. Equities analysts predict that Banner will post 4.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Monday, July 8th. Banner’s payout ratio is 40.10%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Banner by 47.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 563 shares of the financial services provider’s stock worth $30,000 after buying an additional 182 shares during the period. Huntington National Bank boosted its position in shares of Banner by 1,669.4% in the first quarter. Huntington National Bank now owns 637 shares of the financial services provider’s stock worth $35,000 after buying an additional 601 shares during the period. Pearl River Capital LLC boosted its position in shares of Banner by 716.7% in the first quarter. Pearl River Capital LLC now owns 2,246 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,971 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Banner in the first quarter worth about $186,000. Finally, US Bancorp DE boosted its position in shares of Banner by 6.4% in the second quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock worth $197,000 after buying an additional 218 shares during the period. 84.94% of the stock is owned by institutional investors.
Banner Company Profile
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.
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