Analysts forecast that Banner Co. (NASDAQ:BANR) will report $126.56 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Banner’s earnings. The highest sales estimate is $130.09 million and the lowest is $121.20 million. Banner posted sales of $116.63 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.5%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, January 24th.
According to Zacks, analysts expect that Banner will report full-year sales of $126.56 million for the current fiscal year, with estimates ranging from $478.70 million to $488.52 million. For the next financial year, analysts expect that the company will post sales of $496.08 million per share, with estimates ranging from $485.25 million to $504.40 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Banner.
Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The business had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. Banner had a return on equity of 7.52% and a net margin of 19.70%.
Shares of Banner (NASDAQ:BANR) opened at $57.06 on Tuesday. Banner has a 52-week low of $51.61 and a 52-week high of $62.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market capitalization of $1,900.00, a PE ratio of 19.41, a price-to-earnings-growth ratio of 1.87 and a beta of 1.07.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Tuesday, January 9th were given 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 is currently 34.01%.
A number of institutional investors and hedge funds have recently modified their holdings of BANR. Schwab Charles Investment Management Inc. raised its stake in shares of 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 valued at $7,282,000 after buying an additional 7,215 shares during the last quarter. Swiss National Bank raised its stake in shares of Banner by 89.2% during the 2nd quarter. Swiss National Bank now owns 52,400 shares of the financial services provider’s stock valued at $2,961,000 after buying an additional 24,700 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Banner by 10.6% during the 2nd quarter. Wells Fargo & Company MN now owns 77,374 shares of the financial services provider’s stock valued at $4,372,000 after buying an additional 7,433 shares during the last quarter. Riverhead Capital Management LLC raised its stake in shares of Banner by 182.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after buying an additional 1,462 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Banner by 19.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 114,512 shares of the financial services provider’s stock valued at $6,471,000 after buying an additional 18,861 shares during the last quarter. 91.64% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This news story was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/23/banner-co-banr-expected-to-post-quarterly-sales-of-126-56-million.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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.