Brokerages Expect Banner Co. (NASDAQ:BANR) to Announce $1.09 EPS

Equities research analysts predict that Banner Co. (NASDAQ:BANRGet Rating) will post earnings per share of $1.09 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Banner’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.13. Banner posted earnings of $1.33 per share in the same quarter last year, which indicates a negative year over year growth rate of 18%. The business is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Banner will report full year earnings of $4.75 per share for the current year, with EPS estimates ranging from $4.45 to $4.90. For the next year, analysts expect that the firm will report earnings of $5.46 per share, with EPS estimates ranging from $5.30 to $5.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Banner.

Banner (NASDAQ:BANRGet Rating) last issued its quarterly earnings data on Thursday, January 20th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.27. Banner had a net margin of 32.62% and a return on equity of 12.42%. The company had revenue of $146.00 million during the quarter, compared to the consensus estimate of $144.64 million. During the same quarter last year, the company earned $1.08 earnings per share.

Several brokerages have issued reports on BANR. StockNews.com began coverage on shares of Banner in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Raymond James raised their price target on shares of Banner from $68.00 to $72.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 24th. Finally, Zacks Investment Research raised shares of Banner from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Monday, March 28th.

In other Banner news, Director David I. Matson sold 1,738 shares of the firm’s stock in a transaction on Monday, January 31st. The stock was sold at an average price of $61.06, for a total value of $106,122.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kenneth William Johnson sold 2,900 shares of the firm’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of $61.50, for a total value of $178,350.00. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BANR. Acadian Asset Management LLC bought a new stake in Banner in the fourth quarter valued at $35,000. Point72 Hong Kong Ltd bought a new stake in shares of Banner during the third quarter valued at about $90,000. PNC Financial Services Group Inc. raised its stake in shares of Banner by 32.1% during the third quarter. PNC Financial Services Group Inc. now owns 2,113 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 513 shares in the last quarter. Orchard Capital Managment LLC bought a new stake in shares of Banner during the fourth quarter valued at about $204,000. Finally, 6 Meridian bought a new stake in shares of Banner during the third quarter valued at about $207,000. Institutional investors own 83.75% of the company’s stock.

NASDAQ:BANR traded up $0.10 during trading hours on Wednesday, hitting $55.36. The stock had a trading volume of 4,783 shares, compared to its average volume of 179,596. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.32. Banner has a 1-year low of $49.10 and a 1-year high of $66.79. The business has a 50 day simple moving average of $40.44 and a two-hundred day simple moving average of $37.53. The company has a market cap of $1.90 billion, a PE ratio of 9.55 and a beta of 1.05.

The business also recently declared a quarterly dividend, which was paid on Monday, February 14th. Stockholders of record on Thursday, February 3rd were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, February 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.18%. This is an increase from Banner’s previous quarterly dividend of $0.41. Banner’s dividend payout ratio (DPR) is presently 30.50%.

About Banner (Get Rating)

Banner Corporation operates as the bank holding company for Banner Bank that provide 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.

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