Shares of Banner Corporation (NASDAQ:BANR) have earned a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $60.00.

BANR has been the subject of several analyst reports. Zacks Investment Research downgraded Banner Corporation from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub upgraded Banner Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Piper Jaffray Companies downgraded Banner Corporation from an “overweight” rating to a “neutral” rating and set a $59.00 target price for the company. in a research note on Thursday, October 26th. ValuEngine upgraded Banner Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Finally, DA Davidson downgraded Banner Corporation from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th.

ILLEGAL ACTIVITY WARNING: “Banner Corporation (BANR) Receives Consensus Rating of “Hold” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/02/banner-corporation-banr-receives-consensus-rating-of-hold-from-brokerages.html.

In related news, Director Gary Sirmon sold 3,333 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $55.46, for a total transaction of $184,848.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Cynthia D. Purcell sold 1,007 shares of the firm’s stock in a transaction dated 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 ninety days, insiders sold 7,925 shares of company stock worth $446,739. Insiders own 1.71% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of Banner Corporation during the 2nd quarter valued at about $320,000. Context BH Capital Management LP raised its holdings in shares of Banner Corporation by 2.3% during the 2nd quarter. Context BH Capital Management LP now owns 108,941 shares of the financial services provider’s stock valued at $6,156,000 after buying an additional 2,400 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of Banner Corporation by 4.4% during the 2nd quarter. Kennedy Capital Management Inc. now owns 367,421 shares of the financial services provider’s stock valued at $20,763,000 after buying an additional 15,531 shares in the last quarter. Eagle Boston Investment Management Inc. raised its holdings in shares of Banner Corporation by 28.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 109,682 shares of the financial services provider’s stock valued at $6,198,000 after buying an additional 24,232 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Banner Corporation during the 2nd quarter valued at about $201,000. 88.61% of the stock is currently owned by institutional investors.

Banner Corporation (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $120.55 million for the quarter, compared to the consensus estimate of $123.58 million. Banner Corporation had a return on equity of 7.52% and a net margin of 19.70%.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Tuesday, October 10th were issued a $0.25 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. Banner Corporation’s payout ratio is currently 34.01%.

About Banner Corporation

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.

Receive News & Ratings for Banner Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner Corporation and related companies with MarketBeat.com's FREE daily email newsletter.