DA Davidson Predicts Banner’s FY2025 Earnings (NASDAQ:BANR)

Banner Co. (NASDAQ:BANR) – Research analysts at DA Davidson boosted their FY2025 EPS estimates for Banner in a report released on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $4.96 per share for the year, up from their prior forecast of $4.90. DA Davidson has a “Neutral” rating and a $69.00 price target on the stock. The consensus estimate for Banner’s current full-year earnings is $4.88 per share.

Several other analysts also recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Banner from $69.00 to $81.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler set a $67.00 price target on Banner in a research report on Thursday, October 17th. Finally, Raymond James upped their price objective on shares of Banner from $62.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.00.

Banner Trading Down 1.0 %

Shares of BANR opened at $64.87 on Friday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 13.57 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 0.84. Banner has a 1-year low of $42.00 and a 1-year high of $78.05. The company has a 50-day moving average of $70.20 and a 200 day moving average of $60.02.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.12. The company had revenue of $213.90 million during the quarter, compared to the consensus estimate of $152.95 million. Banner had a return on equity of 10.22% and a net margin of 20.28%. During the same period last year, the company earned $1.43 earnings per share.

Hedge Funds Weigh In On Banner

Several hedge funds have recently modified their holdings of BANR. Geode Capital Management LLC lifted its position in Banner by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock worth $49,073,000 after acquiring an additional 11,808 shares during the period. Barclays PLC boosted its holdings in Banner by 97.4% in the third quarter. Barclays PLC now owns 75,768 shares of the financial services provider’s stock valued at $4,512,000 after purchasing an additional 37,390 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Banner by 12.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider’s stock valued at $106,334,000 after buying an additional 193,434 shares during the period. Systematic Financial Management LP acquired a new stake in shares of Banner during the 3rd quarter worth approximately $554,000. Finally, Captrust Financial Advisors raised its position in shares of Banner by 3.0% in the third quarter. Captrust Financial Advisors now owns 5,443 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Insider Buying and Selling

In other Banner news, VP James P.G. Mclean sold 1,500 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $75.63, for a total value of $113,445.00. Following the completion of the sale, the vice president now directly owns 21,868 shares in the company, valued at approximately $1,653,876.84. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Banner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Tuesday, November 5th. Banner’s payout ratio is currently 40.17%.

Banner Company Profile

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.