What is DA Davidson’s Estimate for Banner FY2025 Earnings?

Banner Co. (NASDAQ:BANR) – Investment analysts at DA Davidson increased their FY2025 EPS estimates for shares of Banner in a research report issued to clients and investors on Monday, April 21st. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $5.60 for the year, up from their previous estimate of $5.40. DA Davidson currently has a “Neutral” rating and a $76.00 price target on the stock. The consensus estimate for Banner’s current full-year earnings is $5.23 per share. DA Davidson also issued estimates for Banner’s FY2026 earnings at $5.75 EPS.

Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.06. The business had revenue of $159.88 million during the quarter, compared to analysts’ expectations of $159.72 million. Banner had a return on equity of 10.03% and a net margin of 20.28%. During the same quarter last year, the business posted $1.22 EPS.

Several other equities analysts have also issued reports on BANR. Raymond James reaffirmed an “outperform” rating and issued a $65.00 price target (down previously from $77.00) on shares of Banner in a research report on Monday. Keefe, Bruyette & Woods lowered their price objective on Banner from $75.00 to $73.00 and set a “market perform” rating on the stock in a research report on Monday. Janney Montgomery Scott raised Banner from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Monday. Finally, Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Banner in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.83.

Banner Stock Performance

Shares of BANR stock opened at $61.75 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company’s fifty day moving average price is $63.27 and its 200-day moving average price is $67.08. The stock has a market cap of $2.13 billion, a PE ratio of 12.65 and a beta of 0.94. Banner has a 12 month low of $43.63 and a 12 month high of $78.05.

Hedge Funds Weigh In On Banner

Several hedge funds and other institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC raised its stake in Banner by 10,213.3% in the 4th quarter. William Blair Investment Management LLC now owns 634,579 shares of the financial services provider’s stock worth $42,371,000 after acquiring an additional 628,426 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Banner by 28.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider’s stock worth $113,619,000 after purchasing an additional 373,037 shares during the period. Raymond James Financial Inc. acquired a new position in Banner in the 4th quarter worth approximately $10,023,000. Fisher Asset Management LLC raised its position in Banner by 40.5% during the 4th quarter. Fisher Asset Management LLC now owns 398,166 shares of the financial services provider’s stock worth $26,586,000 after buying an additional 114,731 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Banner in the 4th quarter valued at $6,075,000. 87.33% of the stock is owned by hedge funds and other institutional investors.

Banner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Tuesday, April 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, April 29th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.11%. Banner’s payout ratio is 37.72%.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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.