Banner Corporation (BANR) – What Are Brokerages Thinking About This Stock?

Banner Corporation (NASDAQ:BANR) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $73.75.

BANR has been the subject of several analyst reports. DA Davidson boosted their price objective on Banner from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banner in a report on Monday, September 14th. Piper Sandler decreased their target price on Banner from $74.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Benchmark began coverage on shares of Banner in a research report on Wednesday, July 8th. They set a “hold” rating on the stock. Finally, Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th.

Institutional Investors Weigh In On Banner

A number of institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in Banner in the 2nd quarter valued at approximately $20,508,000. North Reef Capital Management LP purchased a new stake in Banner during the 1st quarter worth about $11,860,000. Bank of America Corp DE raised its holdings in Banner by 25.4% in the first quarter. Bank of America Corp DE now owns 171,439 shares of the financial services provider’s stock valued at $10,403,000 after acquiring an additional 34,679 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Banner by 71.9% in the 1st quarter. First Trust Advisors LP now owns 69,297 shares of the financial services provider’s stock valued at $4,205,000 after purchasing an additional 28,987 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Banner by 114.6% in the first quarter. SG Americas Securities LLC now owns 48,508 shares of the financial services provider’s stock valued at $2,943,000 after buying an additional 25,903 shares in the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Banner Stock Performance

Shares of BANR stock opened at $66.81 on Tuesday. Banner has a 1 year low of $57.05 and a 1 year high of $74.84. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day moving average of $70.12 and a 200 day moving average of $67.30.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). Banner had a return on equity of 10.72% and a net margin of 23.55%. The firm had revenue of $172.11 million for the quarter, compared to analyst estimates of $174.54 million. As a group, research analysts expect that Banner will post 6.15 earnings per share for the current year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Tuesday, August 4th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, August 4th. Banner’s dividend payout ratio is presently 34.32%.

Banner Company Profile

Banner Corporation is a bank holding company headquartered in Walla Walla, Washington. Its principal subsidiary, Banner Bank, is a community bank that provides financial services to individuals, families, businesses and nonprofit organizations.

Banner Bank offers deposit accounts, residential and commercial real estate lending, construction loans, business and consumer loans, mortgage services, treasury management and wealth management solutions. The bank also serves small and mid-sized businesses through commercial banking products and relationship-based financial services.

Founded in the Pacific Northwest, Banner has expanded its banking operations across Washington, Oregon, Idaho, California and Utah.