Banner Co. (NASDAQ:BANR) Receives $74.20 Consensus Target Price from Analysts

Banner Co. (NASDAQ:BANR - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $74.20.

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Banner from $69.00 to $81.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson increased their target price on Banner from $73.00 to $76.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Finally, Stephens reissued an "overweight" rating and set a $82.00 price target on shares of Banner in a research report on Thursday, January 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BANR. Wellington Management Group LLP grew its stake in shares of Banner by 12.2% in the third quarter. Wellington Management Group LLP now owns 1,785,319 shares of the financial services provider's stock worth $106,334,000 after acquiring an additional 193,434 shares during the last quarter. Victory Capital Management Inc. grew its position in Banner by 28.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,701,653 shares of the financial services provider's stock worth $113,619,000 after purchasing an additional 373,037 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Banner by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,521 shares of the financial services provider's stock worth $92,111,000 after purchasing an additional 49,457 shares during the period. Geode Capital Management LLC raised its position in shares of Banner by 1.5% during the third quarter. Geode Capital Management LLC now owns 823,763 shares of the financial services provider's stock valued at $49,073,000 after buying an additional 11,808 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Banner by 5.5% in the fourth quarter. American Century Companies Inc. now owns 738,356 shares of the financial services provider's stock valued at $49,300,000 after buying an additional 38,454 shares during the period. Institutional investors and hedge funds own 87.33% of the company's stock.

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Banner Price Performance

BANR traded down $0.63 on Monday, hitting $62.19. 191,234 shares of the company were exchanged, compared to its average volume of 222,862. The business's fifty day moving average is $68.21 and its 200 day moving average is $66.60. Banner has a fifty-two week low of $42.00 and a fifty-two week high of $78.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.86. The firm has a market capitalization of $2.14 billion, a P/E ratio of 12.74 and a beta of 1.07.

Banner (NASDAQ:BANR - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. As a group, sell-side analysts anticipate that Banner will post 5.23 EPS for the current year.

Banner Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, February 4th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Tuesday, February 4th. Banner's dividend payout ratio is presently 39.34%.

Banner Company Profile

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.