Banner (BANR) to Release Earnings on Wednesday

Banner (NASDAQ:BANR) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, January 24th. Analysts expect Banner to post earnings of $0.83 per share for the quarter.

Banner (NASDAQ:BANR) last issued its quarterly 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). The firm 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%. On average, analysts expect Banner to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of Banner (BANR) opened at $57.72 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. The company has a market cap of $1,920.00, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. Banner has a 1 year low of $51.61 and a 1 year high of $62.75.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. Banner’s dividend payout ratio (DPR) is currently 34.01%.

A number of analysts have commented on the stock. DA Davidson cut shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. ValuEngine cut shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Banner from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Friday, January 12th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Banner in a report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $60.00 price objective on shares of Banner in a report on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $61.00.

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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.

Earnings History for Banner (NASDAQ:BANR)

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