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

Banner Corporation (NASDAQ:BANR) has received an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $71.1667.

BANR has been the topic of a number of recent analyst reports. Piper Sandler reissued a “neutral” rating and set a $70.00 price target on shares of Banner in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Banner in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Banner from a “hold” rating to a “sell” rating in a report on Saturday, January 31st.

Banner Trading Up 0.6%

Shares of Banner stock opened at $64.34 on Monday. The company has a market capitalization of $2.19 billion, a P/E ratio of 11.41 and a beta of 0.90. The stock has a fifty day simple moving average of $64.23 and a 200 day simple moving average of $64.08. Banner has a 12-month low of $54.01 and a 12-month high of $69.83. 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 (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. Banner had a net margin of 22.26% and a return on equity of 10.46%. The firm had revenue of $169.90 million for the quarter, compared to the consensus estimate of $173.23 million. On average, sell-side analysts anticipate that Banner will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, February 3rd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, February 3rd. Banner’s dividend payout ratio is 35.46%.

Hedge Funds Weigh In On Banner

Institutional investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. bought a new stake in Banner in the third quarter worth about $16,500,000. CSM Advisors LLC purchased a new stake in shares of Banner during the 2nd quarter worth approximately $423,000. Public Sector Pension Investment Board raised its holdings in shares of Banner by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 134,925 shares of the financial services provider’s stock worth $8,838,000 after purchasing an additional 17,067 shares during the period. Edgestream Partners L.P. lifted its stake in Banner by 86.8% in the second quarter. Edgestream Partners L.P. now owns 59,947 shares of the financial services provider’s stock valued at $3,846,000 after purchasing an additional 27,863 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Banner in the second quarter valued at approximately $1,362,000. Institutional investors 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.