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

Banner Corporation (NASDAQ:BANR) has received an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $75.75.

Several brokerages have recently weighed in on BANR. Wall Street Zen lowered shares of Banner from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Piper Sandler lowered their target price on shares of Banner from $74.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Stephens increased their price target on shares of Banner from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. DA Davidson upped their price objective on Banner from $74.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Finally, Benchmark began coverage on Banner in a research report on Wednesday, July 8th. They issued a “hold” rating on the stock.

Banner Stock Performance

NASDAQ:BANR opened at $69.21 on Friday. The firm’s fifty day moving average price is $69.10 and its 200 day moving average price is $66.10. Banner has a 1-year low of $57.05 and a 1-year high of $74.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 11.77 and a beta of 0.83.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, October 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The business had revenue of $179.07 million during the quarter, compared to the consensus estimate of $184.24 million. Banner had a net margin of 22.81% and a return on equity of 10.44%. On average, sell-side analysts expect that Banner will post 6.13 EPS for the current year.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, November 5th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, November 5th. Banner’s payout ratio is currently 35.37%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hennessy Advisors Inc. lifted its position in Banner by 25.0% in the third quarter. Hennessy Advisors Inc. now owns 10,000 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 2,000 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Banner in the third quarter worth about $2,170,000. Moss Adams Wealth Advisors LLC purchased a new position in shares of Banner during the third quarter valued at $250,000. D.A. Davidson & CO. purchased a new stake in shares of Banner in the third quarter worth approximately $240,000. Finally, Contravisory Investment Management Inc. acquired a new position in Banner in the 3rd quarter valued at approximately $345,000. Institutional investors own 87.33% of the company’s stock.

About Banner

Banner Corporation (NASDAQ: BANR) is a bank holding company headquartered in Walla Walla, Washington. Through its principal subsidiary, Banner Bank, the company provides banking and financial services to individuals, families, businesses and communities in the Pacific Northwest.

Banner Bank offers deposit products, residential and commercial real estate lending, construction and land development loans, commercial and industrial financing, agricultural loans, consumer loans and home equity products.