Zacks: Brokerages Anticipate Banner Co. (BANR) Will Post Earnings of $0.81 Per Share

Wall Street brokerages expect that Banner Co. (NASDAQ:BANR) will post earnings of $0.81 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Banner’s earnings. The lowest EPS estimate is $0.74 and the highest is $0.92. Banner posted earnings of $0.71 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 14.1%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, January 24th.

On average, analysts expect that Banner will report full year earnings of $3.05 per share for the current financial year, with EPS estimates ranging from $2.96 to $3.17. For the next year, analysts anticipate that the firm will post earnings of $3.39 per share, with EPS estimates ranging from $2.90 to $3.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Banner.

Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the 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 company had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million.

BANR has been the topic of several recent analyst reports. Piper Jaffray Companies restated a “neutral” rating on shares of Banner in a report on Friday, October 27th. Zacks Investment Research upgraded shares of Banner from a “sell” rating to a “hold” rating in a report on Monday, January 1st. ValuEngine lowered shares of Banner from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $60.00 price objective on shares of Banner in a report on Friday, December 22nd. Finally, BidaskClub lowered shares of Banner from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Banner currently has an average rating of “Hold” and a consensus target price of $61.00.

Shares of Banner (BANR) traded down $0.07 during mid-day trading on Friday, hitting $57.10. 310,538 shares of the stock traded hands, compared to its average volume of 90,052. 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 52-week low of $51.61 and a 52-week high of $62.75. The firm has a market cap of $1,873.22, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.87 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, January 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.75%. Banner’s dividend payout ratio (DPR) is presently 34.01%.

A number of institutional investors have recently added to or reduced their stakes in BANR. Schwab Charles Investment Management Inc. lifted its holdings in Banner by 5.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 128,848 shares of the financial services provider’s stock worth $7,282,000 after buying an additional 7,215 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Banner by 236.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,500 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Banner by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 204,066 shares of the financial services provider’s stock worth $11,532,000 after buying an additional 1,143 shares in the last quarter. Swiss National Bank lifted its holdings in Banner by 89.2% during the 2nd quarter. Swiss National Bank now owns 52,400 shares of the financial services provider’s stock worth $2,961,000 after buying an additional 24,700 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Banner by 10.6% during the 2nd quarter. Wells Fargo & Company MN now owns 77,374 shares of the financial services provider’s stock worth $4,372,000 after buying an additional 7,433 shares in the last quarter. Institutional investors own 91.58% of the company’s stock.

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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.

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Earnings History and Estimates for Banner (NASDAQ:BANR)

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