Banner Corporation (BANR) Set to Announce Quarterly Earnings on Tuesday
Banner Corporation (NASDAQ:BANR) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.
Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. The firm had revenue of $122.18 million during the quarter, compared to the consensus estimate of $119.46 million. Banner Corporation had a return on equity of 7.50% and a net margin of 19.63%. On average, analysts expect Banner Corporation to post $3.15 EPS for the current fiscal year and $3.27 EPS for the next fiscal year.
Shares of Banner Corporation (NASDAQ:BANR) opened at 61.31 on Tuesday. The firm’s 50-day moving average price is $58.26 and its 200 day moving average price is $56.22. The stock has a market capitalization of $2.04 billion, a P/E ratio of 21.35 and a beta of 1.04. Banner Corporation has a 1-year low of $43.85 and a 1-year high of $62.24.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.63%. Banner Corporation’s dividend payout ratio (DPR) is presently 34.72%.
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A number of research firms have recently weighed in on BANR. Stephens began coverage on Banner Corporation in a report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price target on the stock. BidaskClub raised Banner Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised Banner Corporation from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Monday, July 3rd. Finally, ValuEngine raised Banner Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.75.
In related news, VP Cynthia D. Purcell sold 1,007 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total transaction of $55,999.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gary Sirmon sold 3,333 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $55.46, for a total value of $184,848.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,925 shares of company stock worth $446,739. 1.71% of the stock is owned by corporate insiders.
Banner Corporation Company Profile
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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