Wall Street analysts expect Banner Corporation (NASDAQ:BANR) to report sales of $124.60 million for the current quarter, according to Zacks. Three analysts have issued estimates for Banner Corporation’s earnings, with estimates ranging from $119.80 million to $130.09 million. Banner Corporation posted sales of $116.63 million during the same quarter last year, which suggests a positive year over year growth rate of 6.8%. The company is expected to announce its next earnings report on Wednesday, January 24th.

On average, analysts expect that Banner Corporation will report full year sales of $124.60 million for the current fiscal year, with estimates ranging from $478.20 million to $488.52 million. For the next fiscal year, analysts anticipate that the company will post sales of $498.15 million per share, with estimates ranging from $485.25 million to $514.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Banner Corporation.

Banner Corporation (NASDAQ:BANR) last issued its 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 company had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. Banner Corporation had a return on equity of 7.52% and a net margin of 19.70%.

A number of research analysts have recently weighed in on the company. ValuEngine downgraded Banner Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research downgraded Banner Corporation from a “hold” rating to a “sell” rating in a report on Monday, October 30th. DA Davidson downgraded Banner Corporation from a “buy” rating to a “neutral” rating in a report on Thursday, October 26th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Banner Corporation in a report on Friday, October 27th. Finally, BidaskClub downgraded Banner Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Banner Corporation currently has an average rating of “Hold” and an average price target of $60.67.

Shares of Banner Corporation (NASDAQ BANR) traded up $1.31 during midday trading on Tuesday, hitting $56.54. The company had a trading volume of 196,458 shares, compared to its average volume of 154,371. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1,815.18, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.07. Banner Corporation has a twelve month low of $49.13 and a twelve month high of $62.75.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Tuesday, October 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. Banner Corporation’s payout ratio is 34.01%.

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In related news, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $57.49, for a total transaction of $191,729.15. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Cynthia D. Purcell sold 1,007 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $55.61, for a total value of $55,999.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,674 shares of company stock valued at $266,423. Insiders own 1.71% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning increased its stake in Banner Corporation by 4.6% during the second quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 85 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Banner Corporation by 236.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,135 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 1,500 shares during the period. Zions Bancorporation bought a new position in Banner Corporation during the third quarter valued at about $122,000. Riverhead Capital Management LLC increased its stake in Banner Corporation by 182.8% during the second quarter. Riverhead Capital Management LLC now owns 2,262 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,462 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in Banner Corporation by 11.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,893 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 89.69% of the company’s stock.

About Banner Corporation

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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Earnings History and Estimates for Banner Corporation (NASDAQ:BANR)

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