Banner Corp. (BANR) PT Raised to $46.00
Banner Corp. (NASDAQ:BANR) had its price target boosted by investment analysts at FBR & Co from $45.00 to $46.00 in a research note issued to investors on Tuesday. The firm currently has a “mkt perform” rating on the financial services provider’s stock. FBR & Co’s price objective points to a potential upside of 3.37% from the company’s previous close.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Banner Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 19th. DA Davidson reiterated a “buy” rating and issued a $52.00 price target on shares of Banner Corp. in a report on Tuesday, August 23rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Banner Corp. from $49.00 to $48.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Banner Corp. presently has a consensus rating of “Buy” and an average target price of $50.00.
Banner Corp. (NASDAQ:BANR) opened at 44.50 on Tuesday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 23.36 and a beta of 1.63. Banner Corp. has a one year low of $35.39 and a one year high of $53.55. The stock has a 50 day moving average of $43.86 and a 200 day moving average of $42.87.
Banner Corp. (NASDAQ:BANR) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by $0.05. Banner Corp. had a net margin of 13.96% and a return on equity of 6.70%. Analysts forecast that Banner Corp. will post $2.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Monday, October 10th will be issued a dividend of $0.23 per share. This is an increase from Banner Corp.’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.07%. The ex-dividend date is Wednesday, October 5th. Banner Corp.’s dividend payout ratio (DPR) is 47.18%.
Several large investors have recently modified their holdings of BANR. Louisiana State Employees Retirement System increased its stake in shares of Banner Corp. by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 9,100 shares of the financial services provider’s stock worth $387,000 after buying an additional 100 shares during the period. MUFG Americas Holdings Corp increased its stake in shares of Banner Corp. by 2.0% in the second quarter. MUFG Americas Holdings Corp now owns 6,108 shares of the financial services provider’s stock worth $260,000 after buying an additional 118 shares during the period. PineBridge Investments L.P. increased its stake in shares of Banner Corp. by 4.8% in the second quarter. PineBridge Investments L.P. now owns 2,606 shares of the financial services provider’s stock worth $111,000 after buying an additional 120 shares during the period. Sei Investments Co. increased its stake in shares of Banner Corp. by 1.2% in the second quarter. Sei Investments Co. now owns 11,090 shares of the financial services provider’s stock worth $471,000 after buying an additional 127 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Banner Corp. by 2.2% in the second quarter. Parametric Portfolio Associates LLC now owns 9,131 shares of the financial services provider’s stock worth $388,000 after buying an additional 196 shares during the period. Institutional investors and hedge funds own 77.17% of the company’s stock.
Banner Corp. Company Profile
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.
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