Analysts predict that Banner Corporation (NASDAQ:BANR) will post earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Banner Corporation’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.75. Banner Corporation posted earnings per share of $0.74 during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The company is expected to announce its next earnings results on Wednesday, October 25th.

On average, analysts expect that Banner Corporation will report full year earnings of $3.15 per share for the current fiscal year, with EPS estimates ranging from $3.06 to $3.27. For the next financial year, analysts anticipate that the firm will post earnings of $3.27 per share, with EPS estimates ranging from $3.05 to $3.44. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Banner Corporation.

Banner Corporation (NASDAQ:BANR) last announced its quarterly earnings results 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 company had revenue of $122.18 million for the quarter, compared to analyst estimates of $119.46 million. Banner Corporation had a net margin of 19.63% and a return on equity of 7.50%.

Several research firms have recently issued reports on BANR. ValuEngine cut Banner Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Stephens assumed coverage on Banner Corporation in a research note on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price objective for the company. BidaskClub raised Banner Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research lowered Banner Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $57.75.

Banner Corporation (BANR) traded down 1.06% during trading on Monday, reaching $61.48. 70,343 shares of the company were exchanged. The stock has a market capitalization of $2.05 billion, a PE ratio of 21.41 and a beta of 1.04. Banner Corporation has a 52-week low of $44.00 and a 52-week high of $62.47. The firm’s 50 day moving average is $59.20 and its 200 day moving average is $56.50.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.00 annualized dividend and a yield of 1.63%. Banner Corporation’s payout ratio is presently 34.72%.

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In related news, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cynthia D. Purcell sold 1,007 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $55.61, for a total value of $55,999.27. 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. Company insiders own 1.71% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning grew its holdings in Banner Corporation by 4.6% during the 2nd quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Banner Corporation by 236.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,500 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Banner Corporation by 182.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,462 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in Banner Corporation by 11.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 300 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its position in Banner Corporation by 200.0% in the 2nd quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 2,352 shares in the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

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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Earnings History and Estimates for Banner Corporation (NASDAQ:BANR)

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