Equities analysts forecast that Banner Corporation (NASDAQ:BANR) will post earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Banner’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.74. Banner reported earnings per share of $0.71 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.1%. The business is scheduled to announce its next earnings report on Wednesday, January 24th.

On average, analysts expect that Banner will report full-year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.98 to $3.24. For the next year, analysts expect that the company will report earnings of $3.13 per share, with EPS estimates ranging from $2.90 to $3.35. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Banner.

Banner (NASDAQ:BANR) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $120.55 million during the quarter, compared to the consensus estimate of $123.58 million. Banner had a net margin of 19.70% and a return on equity of 7.52%.

Several research firms recently commented on BANR. Zacks Investment Research cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. ValuEngine raised shares of Banner from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Piper Jaffray Companies cut shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price target on the stock. in a research report on Thursday, October 26th. DA Davidson cut shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Finally, Stephens began coverage on shares of Banner in a research report on Wednesday, September 13th. They set an “equal weight” rating and a $60.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $60.67.

In other news, Director Gary Sirmon sold 3,335 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $57.49, for a total transaction of $191,729.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 3,936 shares of company stock worth $226,039 over the last 90 days. 1.71% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BANR. KCG Holdings Inc. acquired a new position in Banner in the 1st quarter valued at about $208,000. Schwab Charles Investment Management Inc. grew its stake in Banner by 9.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 121,633 shares of the financial services provider’s stock valued at $6,768,000 after buying an additional 10,429 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Banner by 10.2% during the 1st quarter. AQR Capital Management LLC now owns 24,086 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 2,223 shares in the last quarter. Creative Planning grew its position in shares of Banner by 4.6% during the 2nd quarter. Creative Planning now owns 1,913 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 85 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Banner by 206.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 12,470 shares of the financial services provider’s stock worth $705,000 after purchasing an additional 8,400 shares in the last quarter. Institutional investors and hedge funds own 91.62% of the company’s stock.

Banner (BANR) traded up $1.12 on Friday, reaching $58.60. 160,376 shares of the company traded hands, compared to its average volume of 154,393. The company has a market cap of $1,885.72, a PE ratio of 19.29, a P/E/G ratio of 2.05 and a beta of 1.06. Banner has a 1-year low of $51.61 and a 1-year high of $62.75. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.35.

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

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