Brokers Issue Forecasts for Banner Co.’s Q1 2023 Earnings (NASDAQ:BANR)

Banner Co. (NASDAQ:BANRGet Rating) – Analysts at DA Davidson issued their Q1 2023 EPS estimates for shares of Banner in a report issued on Monday, January 23rd. DA Davidson analyst J. Rulis anticipates that the financial services provider will post earnings of $1.62 per share for the quarter. The consensus estimate for Banner’s current full-year earnings is $6.45 per share. DA Davidson also issued estimates for Banner’s FY2023 earnings at $6.60 EPS.

A number of other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Wednesday, January 18th. Raymond James reduced their price objective on shares of Banner from $72.00 to $68.00 and set an “outperform” rating for the company in a research report on Monday.

Banner Stock Performance

NASDAQ:BANR opened at $63.35 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.77 and a current ratio of 0.77. The company has a fifty day moving average of $63.04 and a two-hundred day moving average of $66.89. The stock has a market capitalization of $2.17 billion, a PE ratio of 11.17 and a beta of 1.02. Banner has a fifty-two week low of $52.35 and a fifty-two week high of $75.72.

Institutional Investors Weigh In On Banner

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Banner by 1.5% during the first quarter. BlackRock Inc. now owns 5,045,063 shares of the financial services provider’s stock worth $295,288,000 after buying an additional 72,304 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Banner by 1.9% during the first quarter. Vanguard Group Inc. now owns 3,854,556 shares of the financial services provider’s stock worth $225,607,000 after buying an additional 71,559 shares in the last quarter. State Street Corp grew its holdings in shares of Banner by 7.4% during the first quarter. State Street Corp now owns 1,821,229 shares of the financial services provider’s stock worth $106,597,000 after buying an additional 124,919 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Banner by 6.7% in the third quarter. Nuveen Asset Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $55,243,000 after purchasing an additional 58,563 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Banner by 6.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 731,161 shares of the financial services provider’s stock valued at $42,795,000 after purchasing an additional 45,861 shares during the period. Hedge funds and other institutional investors own 85.27% of the company’s stock.

Banner Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 13th. Stockholders of record on Thursday, February 2nd will be issued a dividend of $0.48 per share. This is a positive change from Banner’s previous quarterly dividend of $0.44. The ex-dividend date is Wednesday, February 1st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.03%. Banner’s dividend payout ratio is presently 31.04%.

Banner Company Profile

(Get Rating)

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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