Banner Co. (NASDAQ:BANR) – Equities research analysts at FIG Partners cut their Q4 2017 earnings per share (EPS) estimates for Banner in a note issued to investors on Wednesday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will earn $0.79 per share for the quarter, down from their previous estimate of $0.99. FIG Partners also issued estimates for Banner’s FY2019 earnings at $3.97 EPS.

Banner (NASDAQ:BANR) last released its earnings results 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 return on equity of 7.52% and a net margin of 19.70%. The firm had revenue of $120.55 million for the quarter, compared to analyst estimates of $123.58 million.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research raised Banner from a “sell” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $60.00 target price on shares of Banner in a report on Friday, December 22nd. BidaskClub downgraded Banner from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. ValuEngine downgraded Banner from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Banner in a report on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating, Banner currently has an average rating of “Hold” and an average price target of $60.50.

Banner (BANR) traded up $0.62 during trading on Friday, hitting $55.60. The company had a trading volume of 124,500 shares, compared to its average volume of 113,733. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.94 and a quick ratio of 0.93. Banner has a 12-month low of $51.61 and a 12-month high of $62.75. The firm has a market capitalization of $1,803.70, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

A number of hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC purchased a new position in Banner during the third quarter valued at approximately $1,243,000. Piedmont Investment Advisors LLC raised its position in Banner by 27.5% during the third quarter. Piedmont Investment Advisors LLC now owns 7,231 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 1,561 shares in the last quarter. California Public Employees Retirement System raised its position in Banner by 9.9% during the third quarter. California Public Employees Retirement System now owns 59,211 shares of the financial services provider’s stock valued at $3,628,000 after acquiring an additional 5,311 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Banner by 207.7% during the third quarter. Janney Montgomery Scott LLC now owns 13,404 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 9,048 shares in the last quarter. Finally, Zions Bancorporation purchased a new position in Banner during the third quarter valued at approximately $122,000. Institutional investors own 91.58% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Tuesday, January 9th will be given 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 currently 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.

Earnings History and Estimates for Banner (NASDAQ:BANR)

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