Banner Co. (NASDAQ:BANR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.50 and traded as high as $70.24. Banner shares last traded at $69.47, with a volume of 157,788 shares traded.
Wall Street Analyst Weigh In
Several brokerages have recently commented on BANR. Piper Sandler set a $67.00 price objective on shares of Banner in a research report on Thursday, October 17th. Stephens restated an "overweight" rating and issued a $82.00 price target on shares of Banner in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Banner from $69.00 to $81.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, DA Davidson raised 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $74.20.
Get Our Latest Stock Analysis on BANR
Banner Price Performance
The company has a debt-to-equity ratio of 0.32, a current ratio of 0.86 and a quick ratio of 0.85. The business's fifty day moving average price is $69.66 and its 200-day moving average price is $64.76. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 14.31 and a beta of 1.09.
Banner (NASDAQ:BANR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.11. Banner had a return on equity of 10.03% and a net margin of 20.28%. On average, research analysts forecast that Banner Co. will post 5.17 EPS for the current year.
Banner Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, February 4th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.75%. The ex-dividend date is Tuesday, February 4th. Banner's dividend payout ratio (DPR) is presently 39.34%.
Institutional Trading of Banner
Institutional investors have recently made changes to their positions in the company. USA Financial Formulas purchased a new stake in shares of Banner during the 4th quarter valued at $32,000. Financial Life Planners bought a new position in Banner during the fourth quarter valued at about $32,000. Smartleaf Asset Management LLC increased its holdings in Banner by 167.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 705 shares of the financial services provider's stock worth $47,000 after buying an additional 441 shares during the last quarter. US Bancorp DE raised its position in Banner by 287.1% in the third quarter. US Bancorp DE now owns 1,436 shares of the financial services provider's stock worth $86,000 after acquiring an additional 1,065 shares during the period. Finally, KBC Group NV boosted its stake in Banner by 46.0% in the fourth quarter. KBC Group NV now owns 1,656 shares of the financial services provider's stock valued at $111,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 87.33% of the company's stock.
About Banner
(
Get Free Report)
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.
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