Banner (NASDAQ:BANR – Get Free Report) had its price objective raised by research analysts at DA Davidson from $72.00 to $76.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s target price would indicate a potential upside of 8.11% from the company’s previous close.
Several other equities research analysts have also issued reports on the company. Weiss Ratings raised Banner from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Keefe, Bruyette & Woods raised their target price on shares of Banner from $73.00 to $75.00 and gave the stock a “market perform” rating in a research report on Monday, May 18th. Wall Street Zen downgraded Banner from a “hold” rating to a “sell” rating in a report on Saturday. Benchmark initiated coverage on Banner in a report on Wednesday, July 8th. They set a “hold” rating for the company. Finally, Piper Sandler lifted their price objective 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. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.00.
Get Our Latest Analysis on BANR
Banner Price Performance
Banner (NASDAQ:BANR – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The company had revenue of $172.11 million for the quarter, compared to the consensus estimate of $174.54 million. Banner had a return on equity of 10.72% and a net margin of 23.55%. Equities research analysts forecast that Banner will post 6.17 earnings per share for the current year.
Institutional Trading of Banner
A number of hedge funds and other institutional investors have recently modified their holdings of BANR. Financial Life Planners acquired a new stake in shares of Banner during the 1st quarter worth approximately $30,000. Kemnay Advisory Services Inc. acquired a new position in Banner in the 4th quarter valued at about $31,000. Aquatic Capital Management LLC purchased a new stake in Banner during the 3rd quarter worth approximately $36,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Banner during the second quarter worth $45,000. Finally, Versant Capital Management Inc raised its position in Banner by 31.5% in the 2nd quarter. Versant Capital Management Inc now owns 714 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 171 shares in the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Banner
- Apple’s Earnings Setup Puts Its Record Rally and AI Patience to the Test
- Oil Prices Are Surging and These 4 Stocks Are Cashing In
- Innovative ETF Strategies That Are Paying Off This Summer
- Forget Tesla: These 2 Earnings Reports Reveal Where the Auto Market Is Heading
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.
