Banner (NASDAQ:BANR – Get Free Report) had its price objective raised by investment analysts at Keefe, Bruyette & Woods from $73.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.19% from the company’s current price.
BANR has been the topic of a number of other research reports. Wall Street Zen raised shares of Banner from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. DA Davidson reissued a “neutral” rating and issued a $72.00 target price on shares of Banner in a report on Monday, May 4th. Piper Sandler boosted their target price on shares of Banner from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Banner from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.00.
Get Our Latest Stock Analysis on BANR
Banner Trading Up 2.3%
Banner (NASDAQ:BANR – Get Free Report) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Banner had a return on equity of 10.77% and a net margin of 23.24%.The firm had revenue of $168.91 million during the quarter, compared to analysts’ expectations of $169.60 million. Sell-side analysts predict that Banner will post 6.12 earnings per share for the current fiscal year.
Institutional Trading of Banner
Several institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG increased its stake in shares of Banner by 241.2% during the 4th quarter. UBS Group AG now owns 454,807 shares of the financial services provider’s stock worth $28,498,000 after purchasing an additional 321,522 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in Banner by 93.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 488,295 shares of the financial services provider’s stock valued at $30,597,000 after buying an additional 236,394 shares during the last quarter. North Reef Capital Management LP acquired a new stake in Banner during the 1st quarter valued at $11,860,000. The Manufacturers Life Insurance Company increased its position in Banner by 19.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,011,347 shares of the financial services provider’s stock worth $64,878,000 after buying an additional 165,557 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Banner by 60.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 366,689 shares of the financial services provider’s stock worth $22,977,000 after buying an additional 138,525 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.
About Banner
Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.
The company offers a comprehensive suite of financial products and services for individual and business clients.
Further Reading
- Five stocks we like better than Banner
- Iran Ceasefire Trade: 3 Energy Stocks to Own if Oil Falls to $80
- Willing and Abel: Berkshire’s New CEO Makes Huge Portfolio Changes in Q1
- Insider Buying Says Upstart Isn’t Down for the Count
- These Stocks Could Be the Biggest Winners of the 2026 Midterms
Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.
