Banner Co. (NASDAQ:BANR) Given Consensus Rating of “Moderate Buy” by Brokerages

Banner Co. (NASDAQ:BANR) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $74.20.

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Banner from $69.00 to $81.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson upped their price objective on Banner from $73.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, Stephens reaffirmed an “overweight” rating and set a $82.00 price objective on shares of Banner in a research report on Thursday, January 23rd.

Banner Stock Down 0.1 %

NASDAQ:BANR opened at $63.92 on Monday. Banner has a 1 year low of $42.00 and a 1 year high of $78.05. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 13.10 and a beta of 1.07. The stock has a 50-day moving average price of $68.45 and a two-hundred day moving average price of $66.56.

Banner (NASDAQ:BANR) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. As a group, equities analysts expect that Banner will post 5.23 earnings per share for the current year.

Banner Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.92 annualized dividend and a yield of 3.00%. Banner’s dividend payout ratio is 39.34%.

Institutional Trading of Banner

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in Banner by 12.2% in the third 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. Victory Capital Management Inc. raised its stake in Banner by 28.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider’s stock valued at $113,619,000 after buying an additional 373,037 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Banner by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,379,521 shares of the financial services provider’s stock valued at $92,111,000 after buying an additional 49,457 shares during the period. Geode Capital Management LLC raised its stake in Banner by 1.5% in the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider’s stock valued at $49,073,000 after buying an additional 11,808 shares during the period. Finally, American Century Companies Inc. raised its stake in Banner by 5.5% in the fourth quarter. American Century Companies Inc. now owns 738,356 shares of the financial services provider’s stock valued at $49,300,000 after buying an additional 38,454 shares during the period. Institutional investors own 87.33% of the company’s stock.

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.