Banner Corporation (NASDAQ:BANR) Given Average Rating of “Hold” by Analysts

Banner Corporation (NASDAQ:BANR) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $71.00.

BANR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on Banner from $73.00 to $75.00 and gave the company a “market perform” rating in a research report on Monday, May 18th. Weiss Ratings raised Banner from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. DA Davidson reissued a “neutral” rating and issued a $72.00 price target on shares of Banner in a research report on Monday, May 4th. Wall Street Zen raised Banner from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Piper Sandler increased their price target on Banner from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, April 27th.

Institutional Investors Weigh In On Banner

Large investors have recently made changes to their positions in the business. Financial Life Planners purchased a new stake in shares of Banner during the 1st quarter valued at $30,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Banner during the 4th quarter valued at $31,000. Aquatic Capital Management LLC purchased a new stake in shares of Banner during the 3rd quarter valued at $36,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Banner during the 2nd quarter valued at $45,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Banner during the 4th quarter valued at $66,000. 87.33% of the stock is owned by hedge funds and other institutional investors.

Banner Trading Down 0.2%

NASDAQ BANR opened at $67.78 on Friday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 11.41 and a beta of 0.83. The business has a fifty day simple moving average of $65.27 and a 200 day simple moving average of $63.71. Banner has a 12 month low of $57.05 and a 12 month high of $69.83. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

Banner (NASDAQ:BANR) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $168.91 million during the quarter, compared to analyst estimates of $169.60 million. Banner had a return on equity of 10.77% and a net margin of 23.24%. On average, analysts predict that Banner will post 6.12 EPS for the current fiscal year.

Banner Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, May 5th. This is an increase from Banner’s previous quarterly dividend of $0.50. Banner’s payout ratio is currently 35.02%.

About Banner

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.