Brokerages expect Banner Co. (NASDAQ:BANR) to report earnings of $1.06 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Banner’s earnings, with the lowest EPS estimate coming in at $1.05 and the highest estimate coming in at $1.08. Banner reported earnings per share of $1.19 during the same quarter last year, which indicates a negative year-over-year growth rate of 10.9%. The company is scheduled to announce its next earnings report on Wednesday, October 23rd.
On average, analysts expect that Banner will report full year earnings of $4.23 per share for the current year, with EPS estimates ranging from $4.18 to $4.28. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.45 per share, with EPS estimates ranging from $4.35 to $4.59. Zacks’ EPS averages are an average based on a survey of analysts that cover Banner.
Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. Banner had a net margin of 25.14% and a return on equity of 10.43%. The firm had revenue of $137.37 million during the quarter, compared to analysts’ expectations of $137.47 million.
Several equities analysts recently issued reports on BANR shares. BidaskClub cut shares of Banner from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. ValuEngine upgraded shares of Banner from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Banner from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, August 6th. DA Davidson upgraded shares of Banner from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 11th. Finally, Stephens reiterated a “hold” rating on shares of Banner in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $59.75.
BANR opened at $53.00 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.97 and a quick ratio of 0.95. The firm has a fifty day moving average price of $55.15 and a 200 day moving average price of $55.33. Banner has a 1 year low of $48.50 and a 1 year high of $66.72. The stock has a market cap of $1.90 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.85 and a beta of 0.79.
In other Banner news, Director John R. Layman sold 500 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $55.17, for a total transaction of $27,585.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.51% of the company’s stock.
Large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Banner by 3.3% during the second quarter. BlackRock Inc. now owns 5,232,052 shares of the financial services provider’s stock worth $283,315,000 after buying an additional 167,988 shares during the period. Royal Bank of Canada boosted its stake in Banner by 60.3% during the second quarter. Royal Bank of Canada now owns 47,619 shares of the financial services provider’s stock worth $2,579,000 after buying an additional 17,919 shares during the period. UBS Group AG boosted its stake in Banner by 4,112.0% during the second quarter. UBS Group AG now owns 149,738 shares of the financial services provider’s stock worth $8,108,000 after buying an additional 146,183 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Banner during the second quarter worth about $414,000. Finally, Nuveen Asset Management LLC boosted its stake in Banner by 13.2% during the second quarter. Nuveen Asset Management LLC now owns 968,932 shares of the financial services provider’s stock worth $52,468,000 after buying an additional 113,090 shares during the period. Institutional investors own 83.47% of the company’s stock.
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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