Banner (BANR) Rating Reiterated by Sandler O’Neill

Banner (NASDAQ:BANR)‘s stock had its “buy” rating reissued by stock analysts at Sandler O’Neill in a research note issued on Friday.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. DA Davidson cut shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. BidaskClub cut shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies cut shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price objective for the company. in a research report on Thursday, October 26th. Finally, ValuEngine cut shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Banner has an average rating of “Hold” and a consensus price target of $60.50.

Banner (NASDAQ BANR) traded down $0.71 during trading hours on Friday, hitting $54.76. 150,705 shares of the company’s stock traded hands, compared to its average volume of 153,426. The firm has a market capitalization of $1,800.00, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 1.82 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. Banner has a fifty-two week low of $51.61 and a fifty-two week high of $62.75.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). The business had revenue of $128.15 million during the quarter, compared to analyst estimates of $126.56 million. Banner had a return on equity of 7.55% and a net margin of 12.02%. research analysts expect that Banner will post 3.39 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC acquired a new position in shares of Banner during the second quarter worth about $320,000. Mutual of America Capital Management LLC grew its position in Banner by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 131,562 shares of the financial services provider’s stock worth $8,062,000 after buying an additional 3,598 shares during the period. Stifel Financial Corp grew its position in Banner by 3.7% during the second quarter. Stifel Financial Corp now owns 65,609 shares of the financial services provider’s stock worth $3,709,000 after buying an additional 2,367 shares during the period. Channing Capital Management LLC grew its position in Banner by 3.4% during the third quarter. Channing Capital Management LLC now owns 1,071,896 shares of the financial services provider’s stock worth $65,686,000 after buying an additional 35,077 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in Banner by 35.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 26,890 shares of the financial services provider’s stock worth $1,648,000 after buying an additional 7,010 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Banner (NASDAQ:BANR)

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