Analysts Anticipate Banner Co. (BANR) Will Announce Earnings of $0.86 Per Share
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 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%.
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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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