Equities research analysts expect Banner Co. (NASDAQ:BANR) to report $137.47 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Banner’s earnings. The lowest sales estimate is $135.28 million and the highest is $139.00 million. Banner reported sales of $124.28 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The firm is expected to issue its next earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Banner will report full-year sales of $545.66 million for the current fiscal year, with estimates ranging from $537.83 million to $550.50 million. For the next fiscal year, analysts anticipate that the company will post sales of $566.84 million, with estimates ranging from $557.08 million to $574.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Banner.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.07). Banner had a return on equity of 10.39% and a net margin of 24.74%. The company had revenue of $134.23 million during the quarter, compared to analysts’ expectations of $139.04 million.

Several research firms have weighed in on BANR. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Raymond James set a $60.00 price target on Banner and gave the company a “buy” rating in a report on Friday, May 3rd. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday. DA Davidson raised their price target on Slack to $31.00 and gave the company an “average” rating in a report on Tuesday, June 11th. Finally, BidaskClub cut Xilinx from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Banner has a consensus rating of “Hold” and an average target price of $61.50.

In related news, VP Steven W. Rust sold 491 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $53.39, for a total value of $26,214.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.51% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its holdings in Banner by 47.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 563 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 182 shares during the last quarter. Huntington National Bank lifted its holdings in Banner by 1,669.4% in the first quarter. Huntington National Bank now owns 637 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 601 shares during the last quarter. Pearl River Capital LLC lifted its stake in Banner by 716.7% during the first quarter. Pearl River Capital LLC now owns 2,246 shares of the financial services provider’s stock worth $122,000 after purchasing an additional 1,971 shares in the last quarter. SG Americas Securities LLC acquired a new position in Banner during the first quarter worth $186,000. Finally, Everence Capital Management Inc. acquired a new position in Banner during the first quarter worth $225,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

NASDAQ BANR traded up $0.36 during trading on Friday, hitting $54.59. 73,277 shares of the stock traded hands, compared to its average volume of 183,675. The firm has a market capitalization of $1.92 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.86 and a beta of 0.77. The company has a 50-day moving average of $52.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. Banner has a 12-month low of $48.50 and a 12-month high of $67.11.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Tuesday, July 9th will be given a $0.41 dividend. The ex-dividend date is Monday, July 8th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.00%. Banner’s dividend payout ratio (DPR) is presently 40.10%.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that 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.

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Earnings History and Estimates for Banner (NASDAQ:BANR)

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