Shares of Banner Corporation (NASDAQ:BANR – Get Free Report) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $75.75.
Several equities analysts recently issued reports on BANR shares. Keefe, Bruyette & Woods lifted their price target on shares of Banner from $75.00 to $78.00 and gave the company a “market perform” rating in a report on Monday, July 27th. DA Davidson lifted their target price on shares of Banner from $74.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Stephens boosted their price objective on Banner from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. Wall Street Zen cut shares of Banner from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Piper Sandler cut their price objective on Banner from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st.
View Our Latest Analysis on BANR
Institutional Investors Weigh In On Banner
A number of hedge funds and other institutional investors have recently bought and sold shares of BANR. Dimensional Fund Advisors LP grew its stake in 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 buying an additional 18,077 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Banner by 187.4% in the third quarter. William Blair Investment Management LLC now owns 1,043,648 shares of the financial services provider’s stock worth $69,924,000 after buying an additional 680,451 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Banner during the second quarter worth about $20,508,000. Principal Financial Group Inc. raised its holdings in Banner by 4.9% in the 1st quarter. Principal Financial Group Inc. now owns 216,221 shares of the financial services provider’s stock worth $13,120,000 after purchasing an additional 10,146 shares during the period. Finally, North Reef Capital Management LP bought a new position in shares of Banner in the 1st quarter valued at about $11,860,000. 87.33% of the stock is owned by institutional investors and hedge funds.
Banner Trading Down 0.0%
NASDAQ:BANR opened at $70.09 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 11.92 and a beta of 0.83. The business has a fifty day moving average price of $69.13 and a 200-day moving average price of $66.26. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. Banner has a one year low of $57.05 and a one year 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 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. Banner had a return on equity of 10.44% and a net margin of 22.81%. The firm had revenue of $179.07 million for the quarter, compared to the consensus estimate of $184.24 million. Sell-side analysts forecast that Banner will post 6.13 EPS for the current year.
Banner Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Thursday, November 5th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, November 5th. Banner’s payout ratio is 35.37%.
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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