BidaskClub cut shares of Banner (NASDAQ:BANR) from a buy rating to a hold rating in a report issued on Saturday morning, BidAskClub reports.

A number of other brokerages have also recently weighed in on BANR. Zacks Investment Research upgraded Banner from a hold rating to a buy rating and set a $61.00 price target on the stock in a research report on Tuesday, August 6th. ValuEngine upgraded Banner from a sell rating to a hold rating in a research report on Friday, July 26th. Stephens reiterated a hold rating on shares of Banner in a research report on Thursday, July 25th. Raymond James set a $60.00 target price on Banner and gave the company a buy rating in a research report on Friday, May 3rd. Finally, DA Davidson upgraded Banner from a neutral rating to a buy rating in a research report on Tuesday, June 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $59.75.

Shares of Banner stock opened at $54.67 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.97 and a quick ratio of 0.95. The business’s 50 day moving average is $55.02. The firm has a market cap of $1.89 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.85 and a beta of 0.79. Banner has a twelve month low of $48.50 and a twelve month high of $67.11.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The business had revenue of $137.37 million for the quarter, compared to analysts’ expectations of $137.47 million. Banner had a return on equity of 10.43% and a net margin of 25.14%. As a group, research analysts forecast that Banner will post 4.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.00%. The ex-dividend date was Monday, July 8th. Banner’s dividend payout ratio is currently 40.10%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its position in Banner by 47.8% in the 4th 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 period. Huntington National Bank increased its position in Banner by 1,669.4% in the 1st 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 period. Pearl River Capital LLC increased its position in Banner by 716.7% in the 1st quarter. Pearl River Capital LLC now owns 2,246 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,971 shares during the period. SG Americas Securities LLC acquired a new stake in Banner in the 1st quarter valued at approximately $186,000. Finally, US Bancorp DE increased its position in Banner by 6.4% in the 2nd quarter. US Bancorp DE now owns 3,642 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

About Banner

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.

See Also: P/E Growth (PEG)

Analyst Recommendations for Banner (NASDAQ:BANR)

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