Equities Analysts Set Expectations for Banner Corp.’s Q1 2018 Earnings (BANR)
Banner Corp. (NASDAQ:BANR) – Equities research analysts at FBR & Co issued their Q1 2018 EPS estimates for shares of Banner Corp. in a report issued on Monday. FBR & Co analyst S. Moss forecasts that the brokerage will post earnings of $0.81 per share for the quarter. FBR & Co has a “Mkt Perform” rating and a $46.00 price objective on the stock. FBR & Co also issued estimates for Banner Corp.’s Q2 2018 earnings at $0.85 EPS, Q3 2018 earnings at $0.79 EPS and FY2018 earnings at $3.25 EPS.
Banner Corp. (NASDAQ:BANR) last announced its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $0.05. Banner Corp. had a net margin of 13.96% and a return on equity of 6.70%.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Banner Corp. from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Friday. DA Davidson restated a “buy” rating and issued a $52.00 target price on shares of Banner Corp. in a research report on Tuesday, August 23rd. Finally, Keefe, Bruyette & Woods cut their target price on shares of Banner Corp. from $49.00 to $48.00 and set a “market perform” rating on the stock in a research report on Thursday, July 28th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $49.83.
Shares of Banner Corp. (NASDAQ:BANR) traded up 0.80% during trading on Thursday, hitting $43.92. 131,604 shares of the stock traded hands. Banner Corp. has a 1-year low of $35.39 and a 1-year high of $53.55. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 23.06 and a beta of 1.63. The firm has a 50-day moving average of $43.90 and a 200-day moving average of $42.89.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Monday, October 10th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.09%. This is an increase from Banner Corp.’s previous quarterly dividend of $0.21. Banner Corp.’s dividend payout ratio (DPR) is presently 47.18%.
Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its position in Banner Corp. by 12.6% in the first quarter. Prudential Financial Inc. now owns 107,927 shares of the financial services provider’s stock valued at $4,537,000 after buying an additional 12,100 shares during the last quarter. BlackRock Group LTD increased its position in Banner Corp. by 7.5% in the first quarter. BlackRock Group LTD now owns 27,996 shares of the financial services provider’s stock valued at $1,178,000 after buying an additional 1,954 shares during the last quarter. Menta Capital LLC increased its position in Banner Corp. by 65.3% in the first quarter. Menta Capital LLC now owns 8,100 shares of the financial services provider’s stock valued at $341,000 after buying an additional 3,200 shares during the last quarter. Kennedy Capital Management Inc. increased its position in Banner Corp. by 3.7% in the first quarter. Kennedy Capital Management Inc. now owns 450,450 shares of the financial services provider’s stock valued at $18,937,000 after buying an additional 16,278 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Banner Corp. by 6.3% in the first quarter. Renaissance Technologies LLC now owns 445,499 shares of the financial services provider’s stock valued at $18,729,000 after buying an additional 26,600 shares during the last quarter. 77.17% of the stock is owned by hedge funds and other institutional investors.
About Banner Corp.
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 regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.
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