Banner Corp. Expected to Post Q1 2018 Earnings of $0.81 Per Share (BANR)
Banner Corp. (NASDAQ:BANR) – FBR & Co issued their Q1 2018 earnings per share estimates for shares of Banner Corp. in a report issued on Monday. FBR & Co analyst S. Moss anticipates that the brokerage will earn $0.81 per share for the quarter. FBR & Co has a “Mkt Perform” rating and a $46.00 price objective on the stock. FBR & Co also issued estimates for Banner Corp.’s Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.79 EPS and FY2018 earnings at $3.25 EPS.
Banner Corp. (NASDAQ:BANR) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share 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%.
BANR has been the subject of several other reports. Zacks Investment Research upgraded shares of Banner Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Keefe, Bruyette & Woods decreased 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. Finally, DA Davidson restated a “buy” rating and set a $52.00 price target on shares of Banner Corp. in a report on Tuesday, August 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $50.00.
Banner Corp. (NASDAQ:BANR) traded up 0.80% on Thursday, reaching $43.92. 131,604 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.51 billion, a PE ratio of 23.06 and a beta of 1.63. Banner Corp. has a 12 month low of $35.39 and a 12 month high of $53.55. The firm has a 50 day moving average of $43.88 and a 200 day moving average of $42.88.
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 paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This is a boost from Banner Corp.’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 2.09%. Banner Corp.’s payout ratio is 47.18%.
A number of hedge funds have recently bought and sold shares of the stock. Capstone Asset Management Co. boosted its stake in Banner Corp. by 19.6% in the third quarter. Capstone Asset Management Co. now owns 9,936 shares of the financial services provider’s stock worth $435,000 after buying an additional 1,630 shares during the period. Baker Boyer National Bank purchased a new position in Banner Corp. during the third quarter worth approximately $225,000. Mason Street Advisors LLC purchased a new position in Banner Corp. during the second quarter worth approximately $171,000. Schwab Charles Investment Management Inc. raised its position in Banner Corp. by 18.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 90,586 shares of the financial services provider’s stock worth $3,854,000 after buying an additional 13,994 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Banner Corp. by 2.2% in the second quarter. Stifel Financial Corp now owns 53,304 shares of the financial services provider’s stock worth $2,267,000 after buying an additional 1,162 shares in the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.
About Banner Corp.
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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