Banner Corporation (NASDAQ:BANR) Receives Average Recommendation of “Hold” from Analysts

Shares of Banner Corporation (NASDAQ:BANR) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $71.1667.

A number of research firms have commented on BANR. Piper Sandler restated a “neutral” rating and issued a $70.00 price target on shares of Banner in a report on Monday, December 1st. Wall Street Zen cut shares of Banner from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Banner in a research report on Wednesday, January 21st.

Banner Price Performance

Shares of BANR opened at $64.34 on Monday. Banner has a 52-week low of $54.01 and a 52-week high of $69.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50 day moving average price is $64.23 and its two-hundred day moving average price is $64.08. The firm has a market cap of $2.19 billion, a PE ratio of 11.41 and a beta of 0.90.

Banner (NASDAQ:BANR) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.46 by $0.09. The company had revenue of $169.90 million during the quarter, compared to the consensus estimate of $173.23 million. Banner had a net margin of 22.26% and a return on equity of 10.46%. On average, equities analysts anticipate that Banner will post 5.23 EPS for the current year.

Banner Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, February 3rd were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Banner’s payout ratio is currently 35.46%.

Institutional Trading of Banner

Several hedge funds have recently bought and sold shares of BANR. Deprince Race & Zollo Inc. acquired a new position in shares of Banner during the third quarter valued at about $16,500,000. CSM Advisors LLC acquired a new stake in shares of Banner in the 2nd quarter worth about $423,000. Public Sector Pension Investment Board lifted its position in Banner by 14.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 134,925 shares of the financial services provider’s stock valued at $8,838,000 after acquiring an additional 17,067 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Banner by 86.8% during the 2nd quarter. Edgestream Partners L.P. now owns 59,947 shares of the financial services provider’s stock valued at $3,846,000 after purchasing an additional 27,863 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Banner during the 2nd quarter valued at about $1,362,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Banner Company Profile

Banner Corporation, through its principal subsidiary Banner Bank, operates as a regional commercial bank headquartered in Walla Walla, Washington. Founded in 2000 as a bank holding company, Banner traces its origins to community banking roots in Eastern Washington dating back to the late 19th century. Over the past two decades, the company has grown through both organic expansion and strategic acquisitions, establishing a strong presence throughout the Pacific Northwest.

The company offers a comprehensive suite of financial products and services for individual and business clients.