Banner (NASDAQ:BANR) received a $62.00 price objective from investment analysts at Piper Jaffray Companies in a report released on Wednesday. The firm presently has a “hold” rating on the financial services provider’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 4.91% from the company’s current price. Piper Jaffray Companies also issued estimates for Banner’s Q4 2018 earnings at $1.09 EPS, FY2018 earnings at $4.03 EPS, Q1 2019 earnings at $1.10 EPS, Q2 2019 earnings at $1.11 EPS, Q3 2019 earnings at $1.10 EPS, Q4 2019 earnings at $1.10 EPS and FY2019 earnings at $4.40 EPS.
Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $61.00 price target on shares of Banner in a report on Friday, July 13th. BidaskClub raised Banner from a “buy” rating to a “strong-buy” rating in a report on Friday, August 10th. Stephens reissued a “hold” rating and issued a $68.00 price target on shares of Banner in a report on Thursday, September 6th. FIG Partners raised Banner from a “market perform” rating to an “outperform” rating in a report on Friday, October 26th. Finally, ValuEngine downgraded Banner from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.00.
Shares of NASDAQ BANR opened at $59.10 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.93 and a quick ratio of 0.92. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 2.19 and a beta of 0.90. Banner has a fifty-two week low of $52.10 and a fifty-two week high of $67.11.
Banner (NASDAQ:BANR) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. The business had revenue of $129.49 million during the quarter, compared to the consensus estimate of $125.29 million. Banner had a return on equity of 9.74% and a net margin of 16.08%. On average, equities analysts anticipate that Banner will post 3.88 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in BANR. Itau Unibanco Holding S.A. acquired a new stake in shares of Banner during the second quarter worth about $103,000. Ramsey Quantitative Systems acquired a new stake in shares of Banner during the second quarter worth about $325,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Banner by 60.9% during the first quarter. Xact Kapitalforvaltning AB now owns 6,344 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 2,400 shares during the period. UBS Group AG lifted its holdings in shares of Banner by 93.8% during the first quarter. UBS Group AG now owns 6,685 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 3,236 shares during the period. Finally, A.R.T. Advisors LLC acquired a new stake in shares of Banner during the first quarter worth about $377,000. 91.57% of the stock is owned by hedge funds and other institutional investors.
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank, which provides commercial banking and financial products and services to individuals, businesses, and public sector entities primarily in the United States. It offers deposit products, 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.
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