Banner Corp. PT Raised to $41.00 at Raymond James (BANR)
Raymond James hoisted their price target on shares of Banner Corp. (NASDAQ:BANR) from $40.00 to $41.00 in a research note issued on Monday, ARN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 7.44% from the stock’s previous close.
BANR has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Banner Corp. (NASDAQ:BANR) from $40.00 to $42.00 in a research note to investors on Thursday. Separately, analysts at FIG Partners downgraded shares of Banner Corp. (NASDAQ:BANR) to a “market perform” rating in a research note to investors on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Banner Corp. currently has an average rating of “Buy” and an average price target of $38.98.
Shares of Banner Corp. (NASDAQ:BANR) traded up 1.44% during mid-day trading on Monday, hitting $38.16. 116,411 shares of the company’s stock traded hands. Banner Corp. has a 52-week low of $26.49 and a 52-week high of $38.44. The stock’s 50-day moving average is $35.99 and its 200-day moving average is $34.00. The company has a market cap of $744.6 million and a price-to-earnings ratio of 14.05.
Banner Corp. (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.02. Analysts expect that Banner Corp. will post $2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 16th. Investors of record on Monday, October 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, October 3rd. This is an increase from Banner Corp.’s previous quarterly dividend of $0.12.
Banner Corporation (NASDAQ:BANR) is a bank holding company.
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