Banner Corporation (NASDAQ:BANR – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Thursday, November 5th will be given a dividend of $0.52 per share by the financial services provider on Friday, November 13th. This represents a $2.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, November 5th.
Banner has decreased its dividend by an average of 0.1% per year over the last three years. Banner has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $6.79 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 30.6%.
Banner Price Performance
Shares of NASDAQ:BANR traded up $0.96 on Thursday, reaching $69.01. 67,843 shares of the company traded hands, compared to its average volume of 298,742. The stock has a market capitalization of $2.35 billion, a PE ratio of 11.39 and a beta of 0.83. 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’s 50 day moving average is $69.51 and its 200-day moving average is $67.63. Banner has a fifty-two week low of $57.05 and a fifty-two week high of $74.84.
Banner (NASDAQ:BANR – Get Free Report) last issued its earnings results on Wednesday, October 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The business had revenue of $179.07 million for the quarter, compared to analysts’ expectations of $184.24 million. Banner had a return on equity of 10.72% and a net margin of 23.55%. As a group, analysts anticipate that Banner will post 6.15 earnings per share for the current fiscal year.
About Banner
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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