Q4 2017 EPS Estimates for Banner Co. (BANR) Lowered by Analyst
Banner Co. (NASDAQ:BANR) – FIG Partners lowered their Q4 2017 earnings per share estimates for Banner in a research report issued on Wednesday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings per share of $0.79 for the quarter, down from their prior estimate of $0.99. FIG Partners also issued estimates for Banner’s FY2019 earnings at $3.97 EPS.
A number of other analysts have also issued reports on BANR. Stephens started coverage on shares of Banner in a research report on Wednesday, September 13th. They issued an “equal weight” rating and a $60.00 price target for the company. ValuEngine raised shares of Banner from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. DA Davidson lowered shares of Banner from a “buy” rating to a “neutral” rating in a research report on Thursday, October 26th. Piper Jaffray Companies lowered shares of Banner from an “overweight” rating to a “neutral” rating and set a $59.00 price target for the company. in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of Banner from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Seven investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $60.50.
Banner (NASDAQ:BANR) last announced its earnings results 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 firm had revenue of $120.55 million during the quarter, compared to analyst estimates of $123.58 million. Banner had a return on equity of 7.52% and a net margin of 19.70%.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Tuesday, January 9th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Monday, January 8th. Banner’s dividend payout ratio (DPR) is 34.01%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC bought a new position in Banner during the third quarter valued at approximately $1,243,000. Piedmont Investment Advisors LLC raised its position in Banner by 27.5% during the third quarter. Piedmont Investment Advisors LLC now owns 7,231 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 1,561 shares in the last quarter. California Public Employees Retirement System raised its position in Banner by 9.9% during the third quarter. California Public Employees Retirement System now owns 59,211 shares of the financial services provider’s stock valued at $3,628,000 after acquiring an additional 5,311 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Banner by 207.7% during the third quarter. Janney Montgomery Scott LLC now owns 13,404 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 9,048 shares in the last quarter. Finally, Zions Bancorporation bought a new position in Banner during the third quarter valued at approximately $122,000. 91.58% of the stock is currently owned by hedge funds and other institutional investors.
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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