Banner Corporation Plans Quarterly Dividend of $0.50 (NASDAQ:BANR)

Banner Corporation (NASDAQ:BANR) announced a quarterly dividend on Wednesday, January 21st. Stockholders of record on Tuesday, February 3rd will be paid a dividend of 0.50 per share by the financial services provider on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 3rd.

Banner has raised its dividend by an average of 0.0%annually over the last three years. Banner has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Banner to earn $5.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 35.3%.

Banner Trading Up 2.9%

Banner stock opened at $66.03 on Thursday. The firm has a market cap of $2.25 billion, a PE ratio of 12.03 and a beta of 0.91. Banner has a 12 month low of $54.01 and a 12 month high of $72.58. The stock’s 50 day simple moving average is $64.10 and its two-hundred day simple moving average is $64.40. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.09. Banner had a net margin of 21.80% and a return on equity of 10.32%. The firm had revenue of $169.90 million during the quarter, compared to analyst estimates of $173.23 million. Analysts anticipate that Banner will post 5.23 earnings per share for the current year.

Analyst Ratings Changes

BANR has been the topic of a number of analyst reports. Raymond James Financial restated an “outperform” rating and set a $70.00 target price (down from $72.00) on shares of Banner in a research report on Friday, October 17th. DA Davidson cut their price objective on Banner from $73.00 to $69.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Weiss Ratings cut shares of Banner from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Banner from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Banner from $73.00 to $74.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Banner has an average rating of “Hold” and a consensus target price of $71.17.

Banner Company Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.