Shares of Banner Co. (NASDAQ:BANR) have been assigned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $61.00.
A number of brokerages have issued reports on BANR. Raymond James set a $60.00 price objective on Banner and gave the company a “buy” rating in a research note on Friday, May 3rd. ValuEngine upgraded Banner from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Stephens restated a “hold” rating on shares of Banner in a research note on Thursday, July 25th. Zacks Investment Research upgraded Banner from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Tuesday, August 6th. Finally, DA Davidson upgraded Banner from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 11th.
Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. purchased a new stake in Banner during the first quarter valued at $337,000. State of Wisconsin Investment Board increased its position in Banner by 3.2% during the first quarter. State of Wisconsin Investment Board now owns 170,300 shares of the financial services provider’s stock valued at $9,225,000 after acquiring an additional 5,300 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Banner during the first quarter valued at $186,000. Rhumbline Advisers grew its holdings in Banner by 0.9% during the first quarter. Rhumbline Advisers now owns 96,492 shares of the financial services provider’s stock valued at $5,227,000 after purchasing an additional 860 shares during the period. Finally, Norges Bank bought a new stake in Banner during the fourth quarter valued at about $24,271,000. Institutional investors own 84.94% of the company’s stock.
Shares of NASDAQ:BANR opened at $54.61 on Wednesday. The stock has a fifty day simple moving average of $55.09 and a two-hundred day simple moving average of $55.34. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.81 and a beta of 0.79. Banner has a 12-month low of $48.50 and a 12-month high of $67.11. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55.
Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. The business had revenue of $137.37 million during the quarter, compared to analysts’ expectations of $137.47 million. Banner had a return on equity of 10.43% and a net margin of 25.14%. As a group, equities research analysts predict that Banner will post 4.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Tuesday, July 9th were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Monday, July 8th. Banner’s dividend payout ratio (DPR) is presently 40.10%.
Banner Corporation operates as the bank holding company for Banner Bank and Islanders Bank that 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.
Read More: Average Daily Trade Volume Explained
Receive News & Ratings for Banner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner and related companies with MarketBeat.com's FREE daily email newsletter.