Brokerages forecast that Banner Corporation (NASDAQ:BANR) will post $124.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Banner’s earnings, with estimates ranging from $119.80 million to $130.09 million. Banner posted sales of $116.63 million during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The company is expected to report its next earnings report on Wednesday, January 24th.

On average, analysts expect that Banner will report full-year sales of $124.60 million for the current financial year, with estimates ranging from $478.20 million to $488.52 million. For the next fiscal year, analysts expect that the firm will report sales of $498.15 million per share, with estimates ranging from $485.25 million to $514.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Banner.

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

A number of analysts have weighed in on BANR shares. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Banner in a research report on Friday, October 27th. ValuEngine lowered Banner from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. Stephens started coverage on Banner in a research note on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price objective on the stock. DA Davidson lowered Banner from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered Banner from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. 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 has an average rating of “Hold” and an average target price of $60.67.

Shares of Banner (NASDAQ:BANR) opened at $57.48 on Friday. Banner has a 12-month low of $51.61 and a 12-month high of $62.75. The firm has a market capitalization of $1,910.00, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.93.

In other news, Director Gary Sirmon sold 3,335 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was 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 SEC, which can be accessed through this link. Insiders have sold 3,936 shares of company stock worth $226,039 over the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in BANR. Creative Planning grew its stake in shares of Banner by 4.6% in the 2nd quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Banner 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 purchasing an additional 1,500 shares during the period. Zions Bancorporation bought a new stake in shares of Banner in the 3rd quarter valued at approximately $122,000. Riverhead Capital Management LLC boosted its holdings in shares of Banner by 182.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Banner by 11.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

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Banner 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 (NASDAQ:BANR)

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