Brokerages Set Banner Corporation (NASDAQ:BANR) PT at $71.17

Shares of Banner Corporation (NASDAQ:BANR) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $71.1667.

A number of research firms recently weighed in on BANR. Wall Street Zen lowered shares of Banner from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Banner in a report on Wednesday, January 21st. Finally, Piper Sandler restated a “neutral” rating and issued a $70.00 price objective on shares of Banner in a report on Monday, December 1st.

Banner Trading Up 1.9%

NASDAQ:BANR opened at $61.30 on Monday. Banner has a 12-month low of $54.01 and a 12-month high of $69.83. The firm has a market cap of $2.09 billion, a PE ratio of 10.87 and a beta of 0.90. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The stock has a fifty day moving average price of $63.86 and a 200 day moving average price of $64.03.

Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.09. The company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $173.23 million. Banner had a return on equity of 10.46% and a net margin of 22.26%. Sell-side analysts anticipate that Banner will post 5.23 earnings per share for the current fiscal year.

Banner Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Tuesday, February 3rd were paid a $0.50 dividend. The ex-dividend date was Tuesday, February 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Banner’s dividend payout ratio (DPR) is currently 35.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BANR. Financial Life Planners acquired a new position in Banner during the third quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Banner in the fourth quarter valued at approximately $31,000. Aquatic Capital Management LLC purchased a new position in shares of Banner during the third quarter worth approximately $36,000. EverSource Wealth Advisors LLC acquired a new position in shares of Banner in the 2nd quarter valued at $45,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Banner in the 4th quarter valued at $66,000. 87.33% of the stock is owned by institutional investors and hedge funds.

Banner Company Profile

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.