Banner (NASDAQ:BANR) Announces Earnings Results, Beats Estimates By $0.06 EPS

Banner (NASDAQ:BANR - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.23 by $0.06, Zacks reports. Banner had a return on equity of 10.03% and a net margin of 20.28%. The business had revenue of $159.88 million during the quarter, compared to the consensus estimate of $159.72 million. During the same quarter last year, the company earned $1.22 EPS.

Banner Stock Performance

BANR stock traded up $0.81 during midday trading on Friday, reaching $60.49. 351,857 shares of the company were exchanged, compared to its average volume of 212,733. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 12.40 and a beta of 0.94. The business has a 50-day moving average price of $63.72 and a two-hundred day moving average price of $67.04. Banner has a one year low of $43.44 and a one year high of $78.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85.

Banner Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Tuesday, April 29th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, April 29th. Banner's dividend payout ratio (DPR) is presently 37.72%.

Analyst Upgrades and Downgrades

BANR has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of Banner from $73.00 to $76.00 and gave the stock a "neutral" rating in a report on Friday, January 24th. Stephens reaffirmed an "overweight" rating and issued a $82.00 price target on shares of Banner in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Banner has an average rating of "Hold" and a consensus price target of $74.20.

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.