Shares of Banner Co. (NASDAQ:BANR) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $40.50.
A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Banner from a “sell” rating to a “strong sell” rating in a report on Friday, August 21st. Zacks Investment Research upgraded shares of Banner from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. ValuEngine cut Banner from a “hold” rating to a “sell” rating in a report on Tuesday, September 1st. Finally, Piper Sandler lowered their target price on Banner from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd.
BANR opened at $33.73 on Thursday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.41 and a beta of 1.09. The business’s 50-day moving average price is $35.96 and its two-hundred day moving average price is $36.00. Banner has a 1 year low of $27.12 and a 1 year high of $59.64. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.87.
Banner (NASDAQ:BANR) last announced its earnings results on Wednesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.33. The business had revenue of $147.30 million for the quarter, compared to analyst estimates of $140.97 million. Banner had a return on equity of 7.74% and a net margin of 18.53%. Sell-side analysts anticipate that Banner will post 2.8 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC lifted its position in shares of Banner by 17.2% in the first quarter. Guggenheim Capital LLC now owns 10,535 shares of the financial services provider’s stock valued at $348,000 after buying an additional 1,547 shares during the last quarter. UBS Group AG raised its stake in Banner by 36.5% in the 2nd quarter. UBS Group AG now owns 27,758 shares of the financial services provider’s stock valued at $1,054,000 after acquiring an additional 7,428 shares during the period. Beese Fulmer Investment Management Inc. acquired a new stake in Banner during the 2nd quarter valued at $130,000. State Street Corp boosted its position in Banner by 6.5% during the first quarter. State Street Corp now owns 1,457,128 shares of the financial services provider’s stock worth $48,144,000 after purchasing an additional 88,557 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Banner by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,752 shares of the financial services provider’s stock worth $620,000 after purchasing an additional 6,117 shares during the period. 83.23% of the stock is currently owned by hedge funds and other institutional investors.
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts, and certificates of deposit, as well as treasury management services and retirement savings plans.
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