Banner (NASDAQ:BANR – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10, Zacks reports. The business had revenue of $179.07 million during the quarter, compared to the consensus estimate of $184.24 million. Banner had a net margin of 23.55% and a return on equity of 10.72%.
Banner Price Performance
BANR stock traded down $0.12 during trading on Wednesday, hitting $68.05. 243,449 shares of the company’s stock traded hands, compared to its average volume of 299,949. Banner has a 52 week low of $57.05 and a 52 week high of $74.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.88 and a current ratio of 0.88. The business has a fifty day simple moving average of $69.62 and a 200 day simple moving average of $67.59. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 11.23 and a beta of 0.83.
Wall Street Analysts Forecast Growth
BANR has been the topic of a number of research analyst reports. DA Davidson boosted their target price on Banner from $72.00 to $76.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Banner in a research note on Monday, September 14th. Benchmark started coverage on Banner in a report on Wednesday, July 8th. They set a “hold” rating for the company. Wall Street Zen downgraded Banner from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Finally, Keefe, Bruyette & Woods upped their price objective on Banner from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Banner presently has a consensus rating of “Hold” and a consensus price target of $75.00.
View Our Latest Stock Analysis on Banner
Banner Company Profile
Banner Corporation (NASDAQ: BANR) is a bank holding company headquartered in Walla Walla, Washington. Through its principal subsidiary, Banner Bank, the company provides banking and financial services to individuals, families, businesses and communities in the Pacific Northwest.
Banner Bank offers deposit products, residential and commercial real estate lending, construction and land development loans, commercial and industrial financing, agricultural loans, consumer loans and home equity products.
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