Banner (NASDAQ:BANR) Price Target Raised to $72.00

Banner (NASDAQ:BANR) had its price target raised by DA Davidson from $67.00 to $72.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for Banner’s Q3 2025 earnings at $1.43 EPS.

Several other brokerages also recently weighed in on BANR. Raymond James Financial reaffirmed an “outperform” rating and issued a $65.00 target price (down previously from $77.00) on shares of Banner in a report on Monday, April 21st. Janney Montgomery Scott raised shares of Banner from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a report on Monday, April 21st. Keefe, Bruyette & Woods dropped their target price on shares of Banner from $75.00 to $73.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Wall Street Zen downgraded shares of Banner from a “hold” rating to a “sell” rating in a report on Thursday, May 29th. Finally, Stephens reissued an “overweight” rating and set a $73.00 price objective on shares of Banner in a report on Monday, April 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Banner presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.17.

Banner Price Performance

Shares of NASDAQ BANR opened at $66.09 on Friday. The firm has a market cap of $2.29 billion, a P/E ratio of 12.59 and a beta of 0.89. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $64.24 and a 200 day moving average of $64.81. Banner has a twelve month low of $51.14 and a twelve month high of $78.05.

Banner (NASDAQ:BANR) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Banner had a net margin of 21.15% and a return on equity of 10.06%. The firm had revenue of $162.98 million during the quarter, compared to the consensus estimate of $167.96 million. As a group, research analysts expect that Banner will post 5.23 EPS for the current fiscal year.

Banner Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Tuesday, August 5th. Banner’s dividend payout ratio is 36.57%.

Institutional Trading of Banner

Several hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its position in shares of Banner by 1.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 13,120 shares of the financial services provider’s stock valued at $842,000 after buying an additional 181 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Banner by 5.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,591 shares of the financial services provider’s stock valued at $240,000 after buying an additional 187 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Banner by 26.3% during the 2nd quarter. GAMMA Investing LLC now owns 952 shares of the financial services provider’s stock valued at $61,000 after buying an additional 198 shares in the last quarter. US Bancorp DE raised its position in shares of Banner by 13.1% during the 1st quarter. US Bancorp DE now owns 1,978 shares of the financial services provider’s stock valued at $126,000 after buying an additional 229 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Banner by 5.0% during the 1st quarter. HighTower Advisors LLC now owns 4,808 shares of the financial services provider’s stock valued at $307,000 after buying an additional 230 shares in the last quarter. 87.33% of the stock is currently owned by hedge funds and other institutional investors.

About Banner

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.