Banner Co. (BANR) Receives Average Rating of “Hold” from Analysts

Shares of Banner Co. (NASDAQ:BANR) have received a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $60.25.

BANR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. BidaskClub downgraded shares of Banner from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. DA Davidson downgraded shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Piper Jaffray Companies downgraded shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price objective on the stock. in a research report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $60.00 price objective on shares of Banner in a research report on Friday, December 22nd.

Banner (BANR) opened at $53.20 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1,713.56, a price-to-earnings ratio of 28.91, a P/E/G ratio of 1.51 and a beta of 1.06. Banner has a 52-week low of $51.61 and a 52-week high of $62.75.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.08). The company had revenue of $128.15 million during the quarter, compared to analysts’ expectations of $126.56 million. Banner had a net margin of 12.02% and a return on equity of 7.55%. research analysts predict that Banner will post 3.48 earnings per share for the current fiscal year.

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, January 8th. Banner’s payout ratio is currently 54.35%.

In other Banner news, VP Cynthia D. Purcell sold 841 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $54.67, for a total transaction of $45,977.47. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 1,192 shares of company stock worth $66,125 over the last three months. 1.71% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Zions Bancorporation purchased a new position in Banner during the 3rd quarter worth $122,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Banner by 11.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 300 shares in the last quarter. Flinton Capital Management LLC boosted its holdings in shares of Banner by 200.0% in the second quarter. Flinton Capital Management LLC now owns 3,528 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 2,352 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Banner by 283.1% in the third quarter. Meeder Asset Management Inc. now owns 3,739 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 2,763 shares in the last quarter. Finally, Virtu KCG Holdings LLC boosted its holdings in shares of Banner by 13.5% in the second quarter. Virtu KCG Holdings LLC now owns 4,245 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 505 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/10/banner-co-banr-receives-average-rating-of-hold-from-analysts.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.

Analyst Recommendations for Banner (NASDAQ:BANR)

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.

Leave a Reply