Banner (NASDAQ:BANR) Posts Earnings Results, Beats Expectations By $0.45 EPS

Banner (NASDAQ:BANR) released its quarterly earnings data on Tuesday. The financial services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.45, MarketWatch Earnings reports. Banner had a return on equity of 8.88% and a net margin of 23.72%.

BANR stock traded down $0.38 during mid-day trading on Thursday, reaching $51.72. 7,612 shares of the stock traded hands, compared to its average volume of 152,382. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 12.71 and a beta of 1.14. The stock has a 50-day simple moving average of $55.81. Banner has a 52 week low of $30.05 and a 52 week high of $60.42. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.83.

Several research analysts have recently commented on BANR shares. Raymond James increased their price target on shares of Banner from $63.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Friday, May 21st. Zacks Investment Research cut Banner from a “buy” rating to a “hold” rating in a research report on Thursday, July 1st. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $58.25.

In other Banner news, VP Peter Conner sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, June 10th. The stock was sold at an average price of $58.12, for a total value of $52,308.00. Following the sale, the vice president now owns 42,730 shares of the company’s stock, valued at approximately $2,483,467.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.37% of the company’s stock.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank that provide 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.

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Earnings History for Banner (NASDAQ:BANR)

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