Banner (NASDAQ:BANR) Rating Increased to Hold at StockNews.com

Banner (NASDAQ:BANR) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

A number of other equities analysts also recently weighed in on the stock. Stephens decreased their target price on shares of Banner from $54.00 to $51.00 and set an “overweight” rating for the company in a research note on Friday, October 20th. Raymond James reduced their price objective on Banner from $50.00 to $47.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.75.

Banner Price Performance

Shares of BANR stock opened at $45.98 on Monday. The business’s fifty day moving average is $42.79 and its 200 day moving average is $44.54. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 8.11 and a beta of 1.01. Banner has a twelve month low of $39.31 and a twelve month high of $71.63.

Banner (NASDAQ:BANR) last released its earnings results on Wednesday, October 18th. The financial services provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06. The firm had revenue of $154.42 million for the quarter, compared to the consensus estimate of $157.00 million. Banner had a net margin of 26.88% and a return on equity of 14.15%. Research analysts expect that Banner will post 5.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Banner

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANR. Eagle Bay Advisors LLC raised its stake in shares of Banner by 126.7% in the second 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 last quarter. Carmel Capital Partners LLC bought a new stake in Banner in the 3rd quarter worth about $25,000. Lazard Asset Management LLC purchased a new position in Banner in the 2nd quarter worth about $27,000. Coppell Advisory Solutions Corp. bought a new position in Banner during the 4th quarter valued at about $44,000. Finally, CWM LLC lifted its stake in Banner by 923.0% during the 3rd quarter. CWM LLC now owns 757 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 683 shares during the period. 84.88% of the stock is owned by institutional investors.

Banner Company Profile

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.