Banner Co. (NASDAQ:BANR) Receives Average Recommendation of “Moderate Buy” from Analysts

Banner Co. (NASDAQ:BANR) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $52.80.

Several research analysts recently weighed in on BANR shares. Raymond James boosted their price objective on shares of Banner from $47.00 to $51.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday, January 22nd. Piper Sandler dropped their target price on shares of Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday. Stephens dropped their target price on shares of Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday. Finally, DA Davidson decreased their price target on shares of Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Friday.

Hedge Funds Weigh In On Banner

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BANR. Carmel Capital Partners LLC acquired a new position in Banner in the 3rd quarter worth $25,000. Lazard Asset Management LLC acquired a new position in Banner in the 2nd quarter worth $27,000. Eagle Bay Advisors LLC lifted its position in Banner by 126.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 501 shares of the financial services provider’s stock worth $28,000 after buying an additional 280 shares in the last quarter. CWM LLC lifted its position in Banner by 923.0% during the 3rd quarter. CWM LLC now owns 757 shares of the financial services provider’s stock worth $32,000 after buying an additional 683 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Banner during the 3rd quarter worth about $34,000. 87.33% of the stock is owned by institutional investors and hedge funds.

Banner Trading Up 1.9 %

BANR stock traded up $0.84 during trading on Friday, hitting $44.57. The company had a trading volume of 124,100 shares, compared to its average volume of 196,528. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $45.35 and a 200-day moving average price of $46.43. Banner has a 12 month low of $39.31 and a 12 month high of $55.66. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 9.25 and a beta of 1.03.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. Banner had a net margin of 21.62% and a return on equity of 11.64%. The firm had revenue of $152.46 million during the quarter, compared to analysts’ expectations of $155.54 million. As a group, analysts predict that Banner will post 4.64 earnings per share for the current year.

Banner Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Tuesday, April 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Monday, April 29th. Banner’s payout ratio is presently 39.92%.

About Banner

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.