Wall Street brokerages expect Banner Co. (NASDAQ:BANR) to report earnings per share of $0.86 for the current quarter, Zacks reports. Three analysts have provided 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 21.1%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, January 24th.

According to Zacks, analysts expect that Banner will report full-year earnings of $3.05 per share for the current fiscal year, with EPS estimates ranging from $2.98 to $3.17. For the next year, analysts forecast that the business will post earnings of $3.18 per share, with EPS estimates ranging from $2.90 to $3.78. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Banner.

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

A number of equities research analysts have recently commented on BANR shares. Stephens started coverage on shares of Banner in a research note on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price objective on the stock. ValuEngine raised shares of Banner from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. DA Davidson lowered shares of Banner from a “buy” rating to a “neutral” rating in a research note on Thursday, October 26th. Piper Jaffray Companies lowered shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 target price on the stock. in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Banner from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Seven research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $60.50.

A number of hedge funds and other institutional investors have recently modified their holdings of BANR. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Banner by 236.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,500 shares in the last quarter. Zions Bancorporation bought a new position in Banner during the third quarter worth $122,000. Riverhead Capital Management LLC boosted its stake in Banner by 182.8% during the second 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. Ameritas Investment Partners Inc. boosted its stake in Banner by 11.6% during the second 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. Finally, Flinton Capital Management LLC raised its holdings in Banner by 200.0% during the second quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock worth $199,000 after buying an additional 2,352 shares during the last quarter. 91.58% of the stock is currently owned by institutional investors and hedge funds.

Banner (NASDAQ BANR) traded up $0.62 during trading hours on Thursday, hitting $55.60. 124,557 shares of the stock were exchanged, compared to its average volume of 113,733. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 0.94. Banner has a 12 month low of $51.61 and a 12 month high of $62.75. The company has a market cap of $1,809.93, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.93 and a beta of 1.07.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Tuesday, January 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Monday, January 8th. Banner’s dividend payout ratio is presently 34.01%.

TRADEMARK VIOLATION WARNING: “Analysts Anticipate Banner Co. (BANR) Will Announce Earnings of $0.86 Per Share” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/04/analysts-anticipate-banner-co-banr-will-announce-earnings-of-0-86-per-share.html.

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.

Get a free copy of the Zacks research report on Banner (BANR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Banner (NASDAQ:BANR)

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