Banner (NASDAQ:BANR) is scheduled to be releasing its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Banner to post earnings of $1.05 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Banner (NASDAQ:BANR) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. The firm had revenue of $137.37 million for the quarter, compared to the consensus estimate of $137.47 million. Banner had a net margin of 25.14% and a return on equity of 10.43%. On average, analysts expect Banner to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ BANR opened at $55.60 on Tuesday. The firm’s 50-day moving average price is $55.10 and its 200-day moving average price is $54.37. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.89 billion, a PE ratio of 13.59, a PEG ratio of 1.85 and a beta of 0.84. Banner has a 52-week low of $48.50 and a 52-week high of $64.20.

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Tuesday, October 8th. Banner’s payout ratio is presently 40.10%.

A number of brokerages have recently issued reports on BANR. BidaskClub downgraded shares of Banner from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Zacks Investment Research downgraded shares of Banner from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. ValuEngine raised shares of Banner from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James dropped their price objective on shares of Banner from $64.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Stephens reissued a “hold” rating on shares of Banner in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Banner has a consensus rating of “Hold” and a consensus price target of $60.00.

In related news, VP Cynthia D. Purcell sold 2,039 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.19, for a total value of $110,493.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John R. Layman sold 500 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $60.00, for a total transaction of $30,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,039 shares of company stock worth $168,078. 2.51% of the stock is currently owned by insiders.

About Banner

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.

Further Reading: Momentum Investing

Earnings History for Banner (NASDAQ:BANR)

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