Banner (NASDAQ:BANR) Stock Rating Upgraded by Wall Street Zen

Banner (NASDAQ:BANR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other research analysts also recently commented on BANR. Piper Sandler reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of Banner in a research note on Monday, December 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Banner in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.17.

Banner Stock Performance

Shares of BANR stock opened at $58.85 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 10.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 0.86. Banner has a one year low of $54.01 and a one year high of $69.83. The company’s 50-day moving average is $63.59 and its 200 day moving average is $63.99.

Banner (NASDAQ:BANR) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.09. Banner had a return on equity of 10.46% and a net margin of 22.26%.The business had revenue of $169.90 million during the quarter, compared to analyst estimates of $173.23 million. Sell-side analysts expect that Banner will post 5.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Banner

Hedge funds have recently made changes to their positions in the company. Financial Life Planners purchased a new stake in shares of Banner during the third quarter worth approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in Banner in the 4th quarter worth approximately $31,000. Aquatic Capital Management LLC acquired a new position in shares of Banner during the 3rd quarter valued at about $36,000. EverSource Wealth Advisors LLC acquired a new position in Banner in the second quarter valued at $45,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Banner in the fourth quarter worth $66,000. Hedge funds and other institutional investors own 87.33% of the company’s stock.

About Banner

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.