Banner Co. (NASDAQ:BANR) Receives Average Recommendation of “Moderate Buy” from Analysts

Banner Co. (NASDAQ:BANR) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $52.80.

Several equities research analysts have recently weighed in on BANR shares. DA Davidson decreased their target price on Banner from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday. Piper Sandler reduced their price target on Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a report on Friday. Raymond James increased their price target on Banner from $47.00 to $51.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. Stephens reduced their price target on Banner from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Friday. Finally, Keefe, Bruyette & Woods reduced their price target on Banner from $58.00 to $54.00 and set a “market perform” rating for the company in a report on Monday, January 22nd.

Banner Stock Up 1.9 %

Shares of NASDAQ BANR traded up $0.84 on Friday, hitting $44.57. The company had a trading volume of 124,100 shares, compared to its average volume of 196,528. Banner has a 12-month low of $39.31 and a 12-month high of $55.66. The business has a 50 day moving average of $45.35 and a two-hundred day moving average of $46.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1.53 billion, a P/E ratio of 9.25 and a beta of 1.03.

Banner (NASDAQ:BANR) last issued its earnings results on Thursday, January 18th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.03. Banner had a return on equity of 11.64% and a net margin of 21.62%. The company had revenue of $152.46 million during the quarter, compared to the consensus estimate of $155.54 million. As a group, equities research analysts forecast that Banner will post 4.64 earnings per share for the current fiscal year.

Banner Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 4.31%. The ex-dividend date is Monday, April 29th. Banner’s payout ratio is currently 39.92%.

Institutional Trading of Banner

Institutional investors and hedge funds have recently bought and sold shares of the company. Eagle Bay Advisors LLC raised its position in shares of Banner by 126.7% during the 2nd quarter. Eagle Bay Advisors LLC now owns 501 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 280 shares during the period. Carmel Capital Partners LLC acquired a new stake in shares of Banner during the 3rd quarter worth approximately $25,000. Lazard Asset Management LLC acquired a new stake in shares of Banner during the 2nd quarter worth approximately $27,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Banner during the 4th quarter worth approximately $44,000. Finally, TFO Wealth Partners LLC raised its position in shares of Banner by 35,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 718 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 716 shares during the period. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Company Profile

Banner Corporation operates as the bank holding company for Banner Bank that engages in the provision of commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various deposit instruments, 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.