Banner Corporation (NASDAQ:BANR) Receives Average Recommendation of “Hold” from Analysts

Shares of Banner Corporation (NASDAQ:BANR) have received a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $71.1667.

Several equities research analysts have issued reports on the company. DA Davidson cut their price target on Banner from $73.00 to $69.00 and set a “neutral” rating for the company in a report on Friday, October 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Banner in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Banner from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Piper Sandler reiterated a “neutral” rating and issued a $70.00 price target on shares of Banner in a research note on Monday, December 1st. Finally, Raymond James Financial restated an “outperform” rating and set a $70.00 price objective (down from $72.00) on shares of Banner in a research report on Friday, October 17th.

Banner Stock Down 0.7%

Shares of BANR stock opened at $60.88 on Thursday. The firm’s fifty day moving average price is $64.30 and its two-hundred day moving average price is $64.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. Banner has a 1 year low of $54.01 and a 1 year high of $72.04. The firm has a market capitalization of $2.08 billion, a P/E ratio of 10.79 and a beta of 0.91.

Banner (NASDAQ:BANR) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.09. The firm had revenue of $169.90 million during the quarter, compared to the consensus estimate of $173.23 million. Banner had a return on equity of 10.46% and a net margin of 22.26%. On average, equities analysts predict that Banner will post 5.23 EPS for the current fiscal year.

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Tuesday, February 3rd will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Banner’s dividend payout ratio (DPR) is currently 35.46%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Life Planners acquired a new position in Banner during the third quarter valued at approximately $32,000. Aquatic Capital Management LLC acquired a new position in shares of Banner during the 3rd quarter worth $36,000. EverSource Wealth Advisors LLC bought a new stake in shares of Banner during the 2nd quarter worth $45,000. GAMMA Investing LLC boosted its stake in Banner by 26.3% in the second quarter. GAMMA Investing LLC now owns 952 shares of the financial services provider’s stock valued at $61,000 after buying an additional 198 shares in the last quarter. Finally, Lodestone Wealth Management LLC bought a new position in Banner in the fourth quarter valued at about $66,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Company Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.