Banner Corporation (NASDAQ:BANR) Given Average Rating of “Hold” by Brokerages

Shares of Banner Corporation (NASDAQ:BANRGet Free Report) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $72.75.

A number of research analysts recently weighed in on BANR shares. DA Davidson lifted their price objective on shares of Banner from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Piper Sandler raised their price target on shares of Banner from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on shares of Banner from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings upgraded Banner from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th.

Get Our Latest Report on Banner

Hedge Funds Weigh In On Banner

A number of institutional investors and hedge funds have recently made changes to their positions in BANR. UBS Group AG raised its holdings in Banner by 241.2% in the fourth quarter. UBS Group AG now owns 454,807 shares of the financial services provider’s stock valued at $28,498,000 after acquiring an additional 321,522 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Banner by 100.2% during the 1st quarter. Hsbc Holdings PLC now owns 28,708 shares of the financial services provider’s stock worth $1,743,000 after acquiring an additional 14,367 shares in the last quarter. Vanguard Group Inc. grew its holdings in Banner by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 3,837,199 shares of the financial services provider’s stock worth $240,439,000 after acquiring an additional 44,249 shares in the last quarter. Entropy Technologies LP grew its holdings in Banner by 400.6% during the 1st quarter. Entropy Technologies LP now owns 23,054 shares of the financial services provider’s stock worth $1,399,000 after acquiring an additional 18,449 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Banner by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,177,070 shares of the financial services provider’s stock valued at $132,104,000 after purchasing an additional 18,077 shares during the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.

Banner Stock Performance

NASDAQ BANR opened at $74.01 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $2.52 billion, a P/E ratio of 12.21 and a beta of 0.83. The stock has a 50-day moving average of $68.71 and a two-hundred day moving average of $64.94. Banner has a 1-year low of $57.05 and a 1-year high of $74.31.

Banner (NASDAQ:BANRGet Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.02). Banner had a return on equity of 10.72% and a net margin of 23.55%.The business had revenue of $172.11 million for the quarter, compared to analyst estimates of $174.54 million. As a group, analysts anticipate that Banner will post 6.2 EPS for the current year.

Banner Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th were issued a dividend of $0.52 per share. The ex-dividend date was Tuesday, August 4th. This represents a $2.08 annualized dividend and a yield of 2.8%. Banner’s dividend payout ratio is 34.32%.

About Banner

(Get Free Report)

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

Analyst Recommendations for Banner (NASDAQ:BANR)

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.