Wall Street analysts predict that Banner Co. (NASDAQ:BANR) will post earnings of $0.95 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Banner’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.90. Banner reported earnings of $0.76 per share in the same quarter last year, which would indicate a positive year over year growth rate of 25%. The firm is scheduled to report its next quarterly earnings results on Wednesday, October 24th.

On average, analysts expect that Banner will report full-year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.67 to $3.81. For the next financial year, analysts forecast that the company will post earnings of $4.12 per share, with EPS estimates ranging from $4.05 to $4.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Banner.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.14. Banner had a net margin of 14.02% and a return on equity of 8.59%. The company had revenue of $124.28 million during the quarter, compared to analysts’ expectations of $121.15 million.

A number of equities analysts have recently issued reports on BANR shares. BidaskClub upgraded shares of Banner from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Sandler O’Neill reiterated a “buy” rating and set a $70.00 target price on shares of Banner in a research report on Monday, July 30th. Zacks Investment Research upgraded shares of Banner from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, June 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $61.00 target price on shares of Banner in a research report on Friday, July 13th. Finally, Stephens reiterated a “hold” rating and set a $68.00 target price on shares of Banner in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $65.20.

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Banner by 369.5% during the 1st quarter. JPMorgan Chase & Co. now owns 549,881 shares of the financial services provider’s stock worth $30,512,000 after acquiring an additional 432,756 shares during the last quarter. BlackRock Inc. grew its holdings in Banner by 5.7% during the 2nd quarter. BlackRock Inc. now owns 4,725,946 shares of the financial services provider’s stock worth $284,171,000 after acquiring an additional 253,397 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Banner by 9.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,589,380 shares of the financial services provider’s stock worth $155,701,000 after acquiring an additional 231,836 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Banner by 86.3% during the 1st quarter. Russell Investments Group Ltd. now owns 343,557 shares of the financial services provider’s stock worth $19,065,000 after acquiring an additional 159,099 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Banner by 107.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 228,328 shares of the financial services provider’s stock worth $12,671,000 after acquiring an additional 118,492 shares during the last quarter. Institutional investors and hedge funds own 91.96% of the company’s stock.

Shares of BANR stock traded up $0.42 during mid-day trading on Friday, reaching $66.03. The company’s stock had a trading volume of 138,605 shares, compared to its average volume of 187,540. Banner has a 1-year low of $52.20 and a 1-year high of $67.11. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 1.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.92 and a current ratio of 0.93.

About Banner

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.

See Also: Book Value Per Share – BVPS

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Earnings History and Estimates for Banner (NASDAQ:BANR)

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