Equities research analysts expect that Banner Co. (NASDAQ:BANR) will report $0.95 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Banner’s earnings. The highest EPS estimate is $1.01 and the lowest is $0.90. Banner reported earnings of $0.76 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The firm is expected to issue its next earnings results after the market closes on Wednesday, October 24th.
According to Zacks, analysts expect that Banner will report full-year earnings of $3.76 per share for the current financial year, with EPS estimates ranging from $3.67 to $3.81. For the next financial year, analysts forecast that the business will post earnings of $4.17 per share, with EPS estimates ranging from $4.05 to $4.36. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Banner.
Banner (NASDAQ:BANR) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.86 by $0.14. The company had revenue of $124.28 million during the quarter, compared to the consensus estimate of $121.15 million. Banner had a return on equity of 8.59% and a net margin of 14.02%.
A number of institutional investors and hedge funds have recently bought and sold shares of BANR. Wells Fargo & Company MN raised its stake in Banner by 13.2% in the 1st quarter. Wells Fargo & Company MN now owns 133,917 shares of the financial services provider’s stock valued at $7,431,000 after acquiring an additional 15,567 shares during the period. SG Americas Securities LLC bought a new stake in Banner in the 1st quarter valued at $120,000. Schwab Charles Investment Management Inc. raised its stake in Banner by 2.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 163,657 shares of the financial services provider’s stock valued at $9,082,000 after acquiring an additional 4,489 shares during the period. JPMorgan Chase & Co. raised its stake in Banner by 369.5% in the 1st quarter. JPMorgan Chase & Co. now owns 549,881 shares of the financial services provider’s stock valued at $30,512,000 after acquiring an additional 432,756 shares during the period. Finally, California Public Employees Retirement System raised its stake in Banner by 9.0% in the 1st quarter. California Public Employees Retirement System now owns 70,609 shares of the financial services provider’s stock valued at $3,918,000 after acquiring an additional 5,844 shares during the period. Institutional investors and hedge funds own 91.94% of the company’s stock.
Shares of NASDAQ BANR traded down $1.37 during trading hours on Friday, hitting $57.60. The company had a trading volume of 227,421 shares, compared to its average volume of 185,317. The company has a market cap of $2.01 billion, a PE ratio of 19.26, a PEG ratio of 1.69 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.37. Banner has a 1-year low of $52.20 and a 1-year high of $67.11.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Wednesday, October 10th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Tuesday, October 9th. This is a boost from Banner’s previous quarterly dividend of $0.35. Banner’s dividend payout ratio is 50.84%.
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which 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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