Equities research analysts expect Banner Corporation (NASDAQ:BANR) to post $0.86 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Banner’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.99. Banner reported earnings per share of $0.71 during the same quarter last year, which would suggest a positive year over year growth rate of 21.1%. The business is scheduled to announce its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Banner will report full year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.98 to $3.24. For the next year, analysts anticipate that the company will report earnings of $3.13 per share, with EPS estimates ranging from $2.90 to $3.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Banner.

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

Several brokerages recently issued reports on BANR. ValuEngine lowered shares of Banner from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. Piper Jaffray Companies restated a “neutral” rating on shares of Banner in a research report on Friday, October 27th. BidaskClub upgraded shares of Banner from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Stephens assumed coverage on shares of Banner in a research report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price target for the company. Finally, DA Davidson lowered shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $60.67.

In other Banner news, Director Gary Sirmon sold 3,335 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $57.49, for a total value of $191,729.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 3,936 shares of company stock valued at $226,039. Company insiders own 1.71% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BANR. KCG Holdings Inc. purchased a new position in shares of Banner in the first quarter worth $208,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Banner by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 121,633 shares of the financial services provider’s stock worth $6,768,000 after buying an additional 10,429 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Banner by 10.2% in the first quarter. AQR Capital Management LLC now owns 24,086 shares of the financial services provider’s stock worth $1,340,000 after buying an additional 2,223 shares in the last quarter. Creative Planning lifted its holdings in shares of Banner by 4.6% in the second quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock worth $108,000 after buying an additional 85 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Banner by 206.4% in the second quarter. Nisa Investment Advisors LLC now owns 12,470 shares of the financial services provider’s stock worth $705,000 after buying an additional 8,400 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Banner (BANR) traded down $1.17 during midday trading on Friday, reaching $57.59. 232,200 shares of the company traded hands, compared to its average volume of 154,416. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market capitalization of $1,920.00, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. Banner has a 12 month low of $51.61 and a 12 month high of $62.75.

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About Banner

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 (NASDAQ:BANR)

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