Banner Corporation (NASDAQ:BANR) – Equities researchers at DA Davidson issued their Q3 2018 earnings per share (EPS) estimates for Banner Corporation in a research note issued to investors on Thursday, according to Zacks Investment Research. DA Davidson analyst J. Rulis forecasts that the financial services provider will earn $0.73 per share for the quarter. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for Banner Corporation’s Q4 2018 earnings at $0.75 EPS.
A number of other brokerages also recently issued reports on BANR. ValuEngine downgraded Banner Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Banner Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Banner Corporation in a research report on Friday, October 27th. BidaskClub downgraded Banner Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Stephens initiated coverage on Banner Corporation in a research report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 target price for the company. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $60.67.
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Shares of Banner Corporation (BANR) opened at $54.62 on Friday. The stock has a market capitalization of $1,791.86, a PE ratio of 18.33, a PEG ratio of 1.94 and a beta of 1.07. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. Banner Corporation has a 12-month low of $46.92 and a 12-month high of $62.75.
Banner Corporation (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.01). The business had revenue of $120.55 million for the quarter, compared to the consensus estimate of $123.58 million. Banner Corporation had a net margin of 19.70% and a return on equity of 7.52%.
Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new stake in Banner Corporation in the second quarter valued at approximately $320,000. Context BH Capital Management LP lifted its position in Banner Corporation by 2.3% in the second quarter. Context BH Capital Management LP now owns 108,941 shares of the financial services provider’s stock valued at $6,156,000 after purchasing an additional 2,400 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in Banner Corporation by 4.4% in the second quarter. Kennedy Capital Management Inc. now owns 367,421 shares of the financial services provider’s stock valued at $20,763,000 after purchasing an additional 15,531 shares during the last quarter. Eagle Boston Investment Management Inc. lifted its position in Banner Corporation by 28.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 109,682 shares of the financial services provider’s stock valued at $6,198,000 after purchasing an additional 24,232 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in Banner Corporation in the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 88.34% of the company’s stock.
In related news, VP Cynthia D. Purcell sold 1,007 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $55.61, for a total value of $55,999.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $57.49, for a total value of $191,729.15. The disclosure for this sale can be found here. Insiders sold a total of 7,925 shares of company stock valued at $446,739 in the last 90 days. 1.71% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were given a $0.25 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Banner Corporation’s payout ratio is 34.01%.
Banner Corporation Company Profile
Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a Washington-chartered commercial bank. Banner Bank is a regional bank, which offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its primary market areas.
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